Discover how CDs work, offering secure savings with fixed interest rates. Learn about terms, early withdrawal penalties, and how they compare to other accounts.

Discover how annual percentage yield (APY) impacts your CD investments and learn to compare rates for maximizing returns, with tips on calculating and understanding APY.

Today's highest CD rate is 4.94% for a jumbo 6-month CD. CD rates from online banks are commonly twice as high as the ...

Certificates of deposit remain one of the most reliable ways to grow your money with virtually no risk. With today's top CDs still offering impressive yields of up to 4.50% APY, you can lock in ...

Promotional CDs often have higher rates than standard CDs. Promotional CDs may come in irregular term lengths, such as 21 months instead of the standard 24 months. Financial institutions commonly ...

Investors searching for relatively low-risk investments that can easily be converted into cash often turn to certificates of deposit (CDs). A CD is a special type of deposit account with a bank or ...

If you're among the lucky taxpayers getting a refund back from the IRS this year, why not put your refund to work in a certificate of deposit that can turn that money into longer-term growth long ...

Investing in a certificate of deposit might be right if you’re not the risky type, as it’s a safe way to grow your money — that is, if you’re willing to leave it in the bank until it matures. Read ...

Not to be confused with the metallic music-playing discs of the '80s and '90s, CDs — formally known as certificates of deposit — are a savings option still very much in play. This particular savings ...

How CDs Work Opening a CD account is similar to opening a savings account in that there may be a minimum initial deposit you’re required to make. You’ll also have to choose a CD term, which is the ...

Three-month CDs are a good option for short-term savings goals. The current average rate on a three-month CD sits at 1.30%, but the highest rate is 4.79%. Last week, three-month CDs earned an average ...