A certificate of deposit (CD) account is a popular savings tool offered by banks and credit unions that require you to lock your money away for a set period of time in exchange for a fixed interest ...

Discover how CD accounts work, understand terms, interest rates, compounding, and strategies to maximize CD benefits for ...

A bump-up CD allows you to increase your interest rate one or more times during the CD’s term if rates rise, typically on 2-3 year terms. Bump-up CDs typically start with APYs that are 0.10-0.25 ...

As savings and deposit rates continue edging down, certificates of deposit stand out by offering something rare in today's economy: certainty. With the Federal Reserve's first policy meeting of 2025 ...

If you’ve been eyeing a CD, now may be the time to lock in, as many experts predict that CD rates are likely to dip in ...

No-penalty CDs allow early withdrawal without fees, offering flexibility in unforeseen situations. These CDs feature lower interest rates than traditional CDs, trading higher yields for withdrawal ...

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 ...

Hanna Horvath is a CERTIFIED FINANCIAL PLANNER™ and Red Venture's senior editor of content partnerships. Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc.

Gabriela Walsh is a Certified Educator in Personal Finance® and a personal finance editor at Red Ventures. Her previous work experience includes various editorial positions at FinanceBuzz. She ...

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 ...