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.
What Happens When a CD Reaches Maturity?
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?
Blue Federal Credit Union Term Share/CD Review 2023
Are you curious about a term share from Blue Federal Credit Union? And what is a term share, anyway? A term share is essentially the same thing as a certificate of deposit. At a credit union, however, it’s called by a different name. Learn more about Blue Federal Credit Union CDs, including interest rates, flexibility,… Continue reading Blue Federal Credit Union Term Share/CD Review 2023
AloStar CD Review 2023
For savers who want to take advantage of rising rates, certificates of deposit are one way to maximize the amount of interest that can be earned. However, many CDs require you to tie up your money for a year or more. That’s not the case with AloStar, though. The company offers a short-term CD at… Continue reading AloStar CD Review 2023
Should You Use a Savings or CD Account for Some of Your Retirement Money?
The cardinal rule about investing for retirement is to keep your hands off your money until you’re retired. When you invest in your retirement, you’re investing for the long run. You put money in your 401(k) and other retirement accounts with the idea that you’ll be able to ride out the normal highs and lows… Continue reading Should You Use a Savings or CD Account for Some of Your Retirement Money?
Best 1-year CD Rates
Want to earn more money on your savings? If you don’t expect to need the money for the next year or so, consider a one-year CD as an alternative to a savings account. CDs offer similar safety and stability features to savings accounts, but generally have higher rates. They do require that you commit your… Continue reading Best 1-year CD Rates
Which Certificate of Deposit Account Is Right for You?
Confused about how to pick the right kind of CD? This guide describes several options and walks through the steps toward deciding which is best for you.
How to Invest in CDs
If you have short-term financial goals, learning how to invest in CDs can help you maximize your return and potentially make more money than other options.
What Is a Certificate of Deposit (CD)? It It Worth Your Investment?
Could you be earning more money in a CD? Find out how CDs work and how to shop for them. Learn how they can earn you more interest, help manage your cash flow and keep your money safe.
How Brokered CDs Work & Where to Find the Best CDs
Want a better deal on your CDs? Brokered CDs are a potential way you could get better CD terms, as long as you understand the potential risks along with the potential benefits.
Old Line Bank No-Penalty CD Review
Old Line Bank offers savings products, including no-penalty CDs. Learn how these CDs work if you’re considering opening an account.