Certificate of Deposit (CD Knowledge Center)

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 2023: Fixed Returns, Short-Term Commitment

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?

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

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

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

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 2023

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?

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

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

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