From mid-2023 to September 2024, many banks offered attractive certificate of deposit (CD) rates of around 5%. But now that the Federal Reserve has been cutting rates, CD yields are dropping too.

While certificate of deposit (CD) accounts had little worth to savers in 2020 through much of 2022, they reversed course after the Federal Reserve embarked on an interest-rate hike campaign.

A six-month certificate of deposit (CD) or share certificate could be a smart compromise: You’ll receive a fixed return for a manageably short period of time. Right now, the average six-month CD ...

Commissions do not affect our editors' opinions or evaluations. A one-year certificate of deposit (CD) gives you a guaranteed return on your investment with the security of FDIC insurance and the ...

A no-penalty certificate of deposit is a type of CD that charges no fee for withdrawing money before the term expires. It offers more flexibility than other CDs. Why trust NerdWallet Strict ...

Kelly is an editor for CNET Money focusing on banking. She has over 10 years of experience in personal finance and previously wrote for CBS MoneyWatch covering banking, investing, insurance and ...

Today's top CD rate is 5.51%. Start saving today» A certificate of deposit, or CD, is a type of bank account. It pays a fixed APY, which means you'll earn the same interest rate during the entire ...

If you want a guaranteed return on your savings, then opening a certificate of deposit may be a logical choice: CDs are a low ...

CDs: What’s the Difference? How can an individual invest with certificates of deposit? Investable funds can be deposited in certificate of deposit instruments of various terms with commercial ...

You might want to consider a certificate of deposit (CD) if you do not need immediate access to your money. Here are common types of CDs and how to determine which is the best CD for you.

In an economic climate marked by rising interest rates, there is a renewed interest in certificates of deposit (CDs). But with trust in banks dwindling and convoluted reserve requirements ...