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.

You might want to open a 6-month CD if you're looking for a way to lock in a high interest rate for half a year. According to the FDIC, the national average CD rate on a 6-month term is 1.61% APY ...

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're looking for a very short-term CD, a 3-month CD might be the right choice for you. You won't find 3-month CDs as easily as 6-month or 1-year CDs, as not every financial institution ...

The Fed held rates steady at its March Federal Open Market Committee meeting. Fed rates tend to impact CD rates, so it's expected that CD rates will stay relatively stable until the next Fed ...

Commissions do not affect our editors' opinions or evaluations. The best one-year CD rate is 4.45%, offered by CommunityWide Federal Credit Union. This account is the highest-rated on our list ...

CD terms can range anywhere from one week to ten years, with longer-term CDs generally offering better rates. But tying up money for several years may not be for everyone. A 2-year CD is a ...

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 ...

Commissions do not affect our editors' opinions or evaluations. The best nine-month CD rates are near or above 4.00% APY. A nine-month CD provides higher returns than a savings account but with ...

Choosing the right CD requires researching the best interest rates and comparing early withdrawal penalties, which is where our editorial team comes in. We gathered the data and analyzed 142 CD ...