CDs are great for a lot of things. But read on to see why they're not the best place for your home down payment.

What is a 4-year CD? A four-year CD is a type of savings product where you deposit money for four years or 48 months. Think of it like a locked box: You put money in, lock it for four years and ...

Although interest rates have dropped slightly at many banks after the Fed’s half-point September rate cut, it’s still an excellent time to lock in a solid rate on a certificate of deposit (CD).

The era of 5% APY on CDs is coming to an end following the Federal Reserve’s benchmark rate cut in mid-September. This marks the first decrease since March 2020. The best CD rates for six-month ...

It wasn’t that long ago CDs, especially six-month CDs, paid very little. In May 2022, for instance, the average six-month CD offered a yield of 0.10%. Put $10,000 into a CD paying that yield and ...

For this CD list, more than five data points were considered per institution. Certificates of deposit (CDs) can have the highest interest rates among bank accounts. The best CD rates today are ...

688 Products Studied Total number of checking, saving, CDs, and money-market accounts that inform our review ratings. 719 Rates Tracked The accounts with an annual percentage yield (APY ...

Certificates of deposit have long been a safe investment, but they've become a more attractive one in recent years as CD rates surged. CD yields were driven up by repeated increases in the federal ...

Certificates of deposit (CDs) are simple and secure investments that can give you a decent return on your balance. They are a fantastic option if you’re looking for an interest-earning account ...

Learn more about it. A CD—short for certificate of deposit—is a low-risk investment that offers a moderate (but guaranteed) return in exchange for a commitment to lock in your money for a set ...

But, a certificate of deposit (CD) can help. That's because today's leading accounts come with higher returns than the current inflation rate. However, strong current returns aren't the only ...