When choosing a certificate of deposit (CD), you have to compare a few figures to make the right call for your needs — any minimum balance requirements or the amount of interest earned ...

A short-term certificate of deposit (CD) account comes with an interest rate higher than most traditional savings accounts, high-yield savings versions, and even many long-term CD options.

Commissions do not affect our editors' opinions or evaluations. After climbing for the past couple of years, CD rates have been slowly declining in 2024. CD rates tend to track the federal funds rate.

After a string of cuts were made to the federal funds rate by the Federal Reserve in 2024, many savers have felt like the good times were over for certificate of deposit (CD) account yields.

The best CD rates are currently higher than the best T-bill rates. T-bills come in shorter terms than CDs. The interest earned from T-bills is exempt from state and local taxes. If you're looking ...

Jumbo CDs are just like traditional CDs, but they generally have a much higher minimum opening deposit. In exchange, they usually give a better interest rate than other CDs at the same bank.

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Sabrina Karl has over two decades of experience writing about savings, CDs, and ...

Getting a low interest rate could cost you hundreds or thousands of dollars. Picking the wrong CD term could force you to cash out early and lose interest earnings. If you miss your CD's maturity ...

Lauren Graves is an educator-turned-editor specializing in personal finance content. She seeks to make complicated topics easier to understand and less intimidating to the average reader with ...

If you want to save for a future goal and potentially earn much better returns, consider a certificate of deposit (CD). A CD is a low-risk type of deposit account that helps you earn compound ...

At the last Fed meeting, the Federal Reserve kept interest rates steady. Fed rates tend to impact CD rates, so it's expected that CD rates will stay relatively stable until the next Fed meeting ...