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Archive: CD Rates
It’s not hard to earn interest on a certificate of deposit, known as a CD for short. You simply leave your money in the CD for a specific amount of time and the bank pays the promised interest rate. You can, however, lose the interest you’ve earned – and even some of the principle you [...]
When you’re researching CD rates, you’ll notice that longer-term CDs have better rates than those with short terms. For example, one bank is currently offering a 2.4% APY on a 5-year CD, but only 1.29% on a 12-month CD and .64% on a 3-month CD. Naturally, you want to take advantage of the highest interest [...]
A CD and savings account are two of the safest ways to earn interest on your money when you don’t need immediate access to the funds. If you’re trying to decide whether to purchase a CD or put the money in a savings account, you have to consider a few different things. Interest Rate The [...]
A CD, or certificate of deposit, is one of the safest types of investments because it (usually) has a fixed rate and you can purchase it from an insured-institution. That means your money is covered if the bank fails. How CDs Work When you invest in a CD, you promise to keep your money invested [...]