Commissions do not affect our editors' opinions or evaluations. A one-year certificate of deposit (CD) gives you a guaranteed return on your investment with the security of FDIC insurance and the ...

In January 2025, the Federal Reserve kept interest rates steady. Since Federal Reserve decisions impact CD rates, it's likely that CD rates will stay around the same in February as they were in ...

CD rates ebb and flow as the Federal Reserve adjusts rates. If you want to lock in current CD rates before they fall, you might have to act fast. A high-yield savings account could be the perfect ...

CDs traditionally lack liquidity, which can be a huge drawback. If you're afraid of being stuck paying early withdrawal penalties in case of an emergency, no-penalty CDs can help you avoid that risk.

But, a certificate of deposit (CD) can help. That's because today's leading accounts come with higher returns than the current inflation rate. However, strong current returns aren't the only ...

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.

A certificate of deposit, or CD, lets you lock in an interest rate for a fixed amount of time. This guaranteed rate can provide you with a sense of security, but the flip side of that coin is that ...

A no-penalty certificate of deposit is a type of CD that charges no fee for withdrawing money before the term expires. It offers more flexibility than other CDs. Strict editorial guidelines to ...

You have high-interest debt to tackle first. Not having access to your cash is a big downside of CDs. Make sure you have six months' expenses saved in an emergency account. With annual percentage ...

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all ...

Still, there are plenty of CDs this month promising a competitive annual percentage yield — with a handful of the leading offers reaching and even exceeding 5% (you can see some of the highest ...

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 ...