Thanks to inflation and a higher federal funds rate, certificate of deposit (CD) interest rates have increased exponentially in recent years. CD interest rates barely broke 1% a few years ago. By ...

David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less. He is ...

CDs are a low-risk investment option that allows your money to grow at a fixed interest rate over a specific period. If you’re considering opening a certificate of deposit (CD) or already have one, ...

Consumers kicked off the year facing a tough economic landscape. Collective credit card debt hit a record high of $18.04 trillion in the fourth quarter of 2024, rising $93 billion from Q3. Credit card ...

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 ...

A certificate of deposit can give you some much-needed security in an economy that feels anything but certain. Your CD rate is fixed when you open the account, so your returns are guaranteed for the ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Hiranmayi Srinivasan is a former Associate Editor for Investopedia. She covered ...

You can start a CD ladder with as little as $5,000, or even less. A basic three-rung ladder could earn at least $434 in interest over three years. CD laddering gives you higher interest and rolling ...

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 ...

With potential rate cuts on the horizon, shorter-term certificates of deposit (CDs) are offering strong yields at the moment -- especially 6-month terms. Right now, you can find 6-month CDs paying up ...

If you’re nearing retirement, you might be wondering what you should do with your work 401(k) once you leave your job. Or maybe you have an old 401(k) from a previous employer that’s just sitting ...

CD ladders use different maturities to maintain access to funds at regular intervals while guaranteeing a return. Short-term CD ladders are often used as part of an emergency fund strategy. Long-term ...