CD rates are still pretty high. But before you open one, think carefully about what you're doing -- and aim to avoid these big mistakes.

Remember the mini-CD that was all rage in the 1990s when songs that dominated the charts in Japan all seemed to reach ...

If you invest $50,000 into a one-year CD with an average annual percentage rate (APY) of 1.81%, you will earn $905 in interest over the term. Some banks offer much higher rates than the industry ...

Today’s featured pick is the 1-year CD account offered by Fort Liberty Federal Credit Union. This account has an APY of 4.75% ...

Banks charge these fees for two main reasons. First, you’re breaking the contract you made when opening the CD. Second, early ...

Note that the penalty for making an early withdrawal from this account is 60 days’ interest. Barclays’ 6-month CD offers 4.50% APY with no minimum deposit required to open an account.

Yet you can find a range of terms offering APYs that earn at least 10 times the FDIC’s national average 0.45% savings rate, making a CD ladder a low-risk way to boost yields on your savings.

Or if she was searching for an interest-earning bank account, she would make sure it pays a higher interest rate than the average bank account. How long should you leave money in a CD?

A jumbo CD may be worthwhile if you have a substantial amount of money to deposit upfront. But some regular CDs pay even higher rates than jumbo CDs right now, so shop around before making your ...

You also cannot make additional contributions to the CD after opening the account and making an upfront deposit, unless you choose a specialized CD option known as the add-on CD. However ...

What is happening to CD rates today? CD rates are declining following two recent interest rate cuts by the Federal Reserve. In September, the Fed lowered its benchmark rate for the first time ...

We spoke with experts and looked at the data to see where CD rates are likely to go throughout the rest of 2024. Take a look to see why these changes will affect your portfolio and how to make the ...