{"id":3214,"date":"2024-06-21T08:15:16","date_gmt":"2024-06-21T15:15:16","guid":{"rendered":"https:\/\/www.cdvalet.com\/blog\/?p=3214"},"modified":"2025-12-24T10:05:01","modified_gmt":"2025-12-24T18:05:01","slug":"dont-get-had-with-these-certificates-of-deposit-scams","status":"publish","type":"post","link":"https:\/\/www.cdvalet.com\/insights\/dont-get-had-with-these-certificates-of-deposit-scams\/","title":{"rendered":"Don\u2019t Get Had with These Certificates of Deposit Scams"},"content":{"rendered":"\n

Savers are no strangers to the growing number of fake high-yield CDs offered by scammers. The criminals are getting more savvy at making fake CDs seem legitimate and using them to steal personal and financial information. This makes it more difficult for consumers to decipher whether they\u2019re being tricked or if they\u2019ve found a legitimate great deal.  <\/p>\n\n\n\n

Types of CD Scams<\/h2>\n\n\n\n

Spoofed Websites and Internet Advertisements<\/h3>\n\n\n\n

According to the U.S. Securities and Exchange Commission<\/a>, spoofed websites and internet advertisements mimic actual sites or URL addresses of official banks or credit unions and use legitimate-sounding names and URLs to trick consumers into buying fake CDs.<\/p>\n\n\n\n

Email Phishing and Telephone Solicitation<\/h3>\n\n\n\n

Another tactic scammers use is engaging consumers with offers through email phishing and telephone solicitation. These scams lead victims to share personal and financial information, transfer funds, or click on links to download malicious software to steal passwords or money through devices.<\/p>\n\n\n\n

How To Recognize a CD Scam<\/h2>\n\n\n\n

The following are red flags to alert you to scammers soliciting bogus rates and offers to consumers:
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