In the face of inflation and elevated borrowing costs, certificates of deposit (CD) accounts have been a smart way for savers to grow their funds — and protect them in a volatile economic climate.
A certificate of deposit, or CD, is a savings product offered by a financial institution that most often pays a predetermined interest rate on a depositor’s set amount of cash over a specified period ...
It has been nearly 15 years since CD rates were this high Written By Written by Contributor, Buy Side Martha C. White is a contributor to Buy Side and a finance expert, specializing in banking, loans ...
Interest rates have been high across the board in recent years thanks to the Federal Reserve's prolonged fight against sticky inflation. That has been tough for borrowers, but it has allowed consumers ...
Brokered CDs can be a convenient option if you already have a brokerage account. Instead of opening a new certificate of deposit account at a bank or credit union, you simply log in to your existing ...
Online banks might offer higher CD rates, but you could find a better savings option for your needs with a small bank or nearby credit union. David McMillin writes about credit cards, mortgages, ...
Are you looking to invest a large sum of money and earn a guaranteed return? A jumbo certificate of deposit might be the answer, but don't be fooled by the name — bigger doesn't always mean better for ...
As the cost of living increases, Americans are paying more for many goods and services. This makes saving money safely and smartly more important than ever. For risk-averse people, certificates of ...
Kelly is a former editor for CNET Money covering banking. She has over 10 years of experience in personal finance and previously wrote for CBS MoneyWatch covering banking, investing, insurance and ...
We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Vanguard CDs have competitive rates and terms as long as 10 years Rebecca McClay ...