Certificate of Deposit (CD Knowledge Center)

By following hundreds of CD products, MoneyRates continually brings you the latest information on CD rates. In addition, the site has many articles on how to make the best use of CDs.

Understanding Different Types of CDs

CDs come in many varieties. Find what’s best for you by understanding options such as:

  • Short- and long-term CDs
  • IRA CDs
  • No-penalty CDs

Getting More From Your CD

CDs often pay higher rates than savings accounts; but to really get the most from a CD, you should understand things like:

  • How to find the best CD rates
  • Choosing the right CD term
  • Using a CD ladder
  • Tax consequences of CDs

CDs can represent a commitment of months or even years. The more you know, the better you can make that commitment pay off.

How Can You Earn the Most Interest on Your Money?

Rob Sabo
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Ancient Greek philosopher Aristotle reasoned that the primary purpose of money was as a medium of exchange for goods and services. Those of us living in the 21st century know that money serves many more functions, including the ability to earn more money on savings and other types of interest-bearing accounts. With a bit of… Continue reading How Can You Earn the Most Interest on Your Money?

Are CDs Worth It? Should You Get One Now or Wait?

Shannon Lee
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With the economic upheaval of the last several years fresh in the mind, many consumers are choosing to go with solid investment vehicles that don’t put their money at risk. Enter the certificate of deposit. A CD can allow you to lock in a good interest rate so that you know exactly what you will… Continue reading Are CDs Worth It? Should You Get One Now or Wait?

The Best 2-Year CD Rates for 2024

Anna Baluch
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If you’d like to save some money for a short-term goal, a 2-year certificate of deposit (CD) might make sense. It can help protect your savings while earning a predictable, guaranteed return. Let’s look at what 2-year CDs are, how they work, and where you can find them. What Is a 2-Year CD? A 2-year… Continue reading The Best 2-Year CD Rates for 2024

The Best 18-Month CDs for 2024: Fixed Returns, Short-Term Commitment

Shannon Lee
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Do you want to invest your money in a savings vehicle with a fixed interest rate? Most high-yield savings accounts offer a variable rate, meaning they can change the rate at any time. You might sign up for a savings account at a highly competitive rate, only to see that rate fall a month later.… Continue reading The Best 18-Month CDs for 2024: Fixed Returns, Short-Term Commitment

How Much Interest Does a CD Earn in a Year?

Rob Sabo
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There are likely as many strategies for saving money as grains of sand on a Florida beach. However, some strategies may be more practical and easier to implement. Putting money into a certificate of deposit (CD) falls into this category, especially when you have additional liquidity that you don’t need to tap into immediately. Five-figure… Continue reading How Much Interest Does a CD Earn in a Year?

How to Diversify Your Savings for the Best Rates and Optimal Returns

Anna Baluch
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There’s a good chance you’ve heard the old saying, “Don’t put all your eggs in one basket.” It reinforces the importance of diversification in all aspects of your life, including your finances. While diversifying your cash savings takes time and effort, it’s worth it. Let’s take a closer look at what diversification is and why… Continue reading How to Diversify Your Savings for the Best Rates and Optimal Returns

Why You Should Put $1,000 Into a CD Today

Anna Baluch
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You should consider a CD if you have $1,000 to invest. With a CD, you can enjoy guaranteed returns and maybe earn more interest than in a high-yield savings account. Let’s dive deeper into how much you may earn with a $1,000 CD investment. What’s the Difference Between a CD and a Savings Account? You… Continue reading Why You Should Put $1,000 Into a CD Today

Maximize Your CD Earnings: When to Consider Early Withdrawal

Chris Kissel
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If you purchased a CD during the past few years, there is a good chance that today’s new CDs offer even higher returns than what you currently get. Rates have risen substantially over the past 18 months or so. Does it make sense to withdraw the money from your current CD a little early so… Continue reading Maximize Your CD Earnings: When to Consider Early Withdrawal

Forbright CD Review 2024

Anna Baluch
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If you’re in the market for a CD, Forbright Bank should be on your radar. It offers a variety of CDs with impressive interest rates that you might not be able to find elsewhere. Here’s what you need to know about Forbright and its lineup of CD products. Forbright Overall Impression Forbright’s online CDs are… Continue reading Forbright CD Review 2024

What Happens When a CD Reaches Maturity?

Rob Sabo
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Parking extra cash into a savings account may seem like a secure way to safeguard your money, but there may be better options, especially if you don’t need to access the cash anytime soon. The good news is that savings account interest rates are up, but many big banks still offer meager interest rates that… Continue reading What Happens When a CD Reaches Maturity?

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