Certificate of deposit (CD)

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Certificate of deposit (CD)

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What Is a CD Early Withdrawal Penalty?

Taking money out of a CD early usually results in an early withdrawal penalty. With carefu...

By Sarah Archambault

Jul 7, 2025

Are CDs Liquid?

Although less common than traditional CDs, some CDs are liquid, allowing you penalty-free ...

By Jennifer Brozic

Jun 10, 2025

What Is an IRA CD?

An IRA CD combines the reliable annual percentage yield (APY) of an IRA with the tax benef...

By Gayle Sato

Jun 10, 2025

What Is an Add-on CD?

Typically, you can't add money to a CD after making your initial deposit. An exception to ...

By LaToya Irby

Jun 9, 2025

Are CDs Safe and FDIC-Insured?

CDs provide a guaranteed return at a fixed rate. They also offer one of the safest places ...

By Tim Maxwell

Jun 8, 2025

What Is a CD Ladder?

A CD ladder is a savings strategy in which you put money into several CDs with different m...

By Karen Axelton

Jun 6, 2025

Fixed Annuities vs. CDs: What’s the Difference?

A fixed annuity is an investment designed for retirement savings; a certificate of deposit...

By Karen Axelton

Jun 4, 2025

CDs vs. Bonds: What’s the Difference?

CDs and bonds are both low-risk options for saving money and earning interest, but a CD is...

By Karen Axelton

Jun 3, 2025

How to Open a CD Account

Before applying for a CD, it’s important to make sure you’ve chosen the right account for ...

By Ben Luthi

Jun 2, 2025

Why Do Longer CDs Have Lower Rates?

If banks think rates will be lower a year or two from now, they have less incentive to off...

By Chelsea Beck

May 31, 2025

Annuity vs. CD: What’s the Difference?

Annuities and CDs give you the option to invest money with some predictability. But annuit...

By Brianna McGurran

May 30, 2025

What Is a No-Penalty CD?

With a no-penalty CD, you can withdraw funds from your account before the term ends withou...

By Kim Porter

May 30, 2025

Do CDs Pay Interest or Dividends?

CDs pay interest. The dividends credit unions may pay on share certificates are essentiall...

By Gayle Sato

May 29, 2025

Call Deposit vs. Time Deposit: What’s the Difference?

Time and call deposits both offer higher interest rates, but they differ in key ways, incl...

By Tim Maxwell

May 27, 2025

Share Certificate vs. CD: What’s the Difference?

Share certificates are offered by credit unions, and CDs by banks. Both earn higher intere...

By Brianna McGurran

May 24, 2025

Can I Withdraw the Interest on a CD Before Maturity?

Thinking about tapping your CD? You may have to pay back some of the interest earned as a ...

By Kim Porter

May 24, 2025

Should I Lock in CD Rates now?

Now could be a great time to lock in CD rates since they’re still competitive—and there ar...

By Marianne Hayes

Sep 8, 2024

Are CDs Worth It?

A CD could be a good investment if you want fixed rates and low risk. Here's what to consi...

By Evelyn Waugh

Sep 5, 2024

How to Invest in CDs

Knowing how to invest in CDs could help you maximize your returns—and that's where being s...

By Marianne Hayes

Jul 21, 2024

What Is a Callable CD?

What makes callable CDs unique is that the issuer can "call them back" early, before they ...

By Marianne Hayes

Jul 14, 2024

What Causes CD Rates to Change?

CD rates are closely linked to the federal funds rate. If the Federal Reserve decides to c...

By Marianne Hayes

Jan 15, 2024

How Much Money Should I Put Into a CD?

How much money you should put into a CD depends on your personal situation, like your curr...

By Emily Starbuck Gerson

Jan 14, 2024

What Is a Share Certificate?

Share certificates are available from credit unions and work like bank CDs. They offer gua...

By Jennifer Brozic

Jan 7, 2024

5 Mistakes to Avoid With a CD

CDs are a safe savings strategy, but they require planning to avoid paying early withdrawa...

By Brianna McGurran

Dec 13, 2023

Can I Open a CD for My Child?

Minor children can't open CDs in their own names, but you can open a CD for your child by ...

By Karen Axelton

Nov 28, 2023

Should You Use CDs for Retirement Planning?

CDs can be a helpful addition to your retirement planning strategy, but they shouldn't be ...

By Marianne Hayes

Nov 19, 2023

3 Alternatives to CDs

CDs have their pros and cons. High APYs can be attractive, but be prepared to sacrifice li...

By Marianne Hayes

Nov 10, 2023

When Is the Best Time to Open a CD?

The best time to open a CD is typically when interest rates are high. CDs are usually FDIC...

By Tim Maxwell

Nov 10, 2023

Is a 5-Year CD a Good Investment?

A five-year CD earns more interest than a regular savings account, but your money is locke...

By Gayle Sato

Oct 24, 2023

Are Zero-Coupon CDs Worth It?

Zero-coupon CDs are considered low-risk investments that provide reliable gains. Whether i...

By Marianne Hayes

Oct 3, 2023

How Many CDs Can You Have?

Having multiple CDs can be a great way to diversify your portfolio without sacrificing as ...

By Marianne Hayes

Aug 29, 2023

What Is a Zero-Coupon CD?

Zero-coupon CDs can generate above-average returns, though liquidity is limited and you'll...

By Marianne Hayes

Aug 19, 2023

What Is a Jumbo CD?

A jumbo CD might be if you're looking for a safe place to keep a lot of savings.

By Louis DeNicola

Aug 16, 2023

Top 6 Strategies for CD Savers

Proven CD investment strategies can help you achieve your financial goals. Learn how to ma...

By Tim Maxwell

Aug 9, 2023

Should I Put My Emergency Fund in a CD?

Certificates of deposit (CDs) usually earn higher interest than standard savings accounts,...

By Karen Axelton

Aug 9, 2023

CD vs. IRA: What’s the Difference?

Choose a CD for a great interest rate on money you don't need to access everyday. Choose a...

By Gayle Sato

Jul 31, 2023

Does Opening a CD Hurt Your Credit?

Opening and closing CDs usually doesn't impact credit, unless the bank runs a hard inquiry...

By Emily Starbuck Gerson

Jul 26, 2023

Short-Term vs. Long-Term CDs: Which Is Best for You?

Short-term CDs are best for savings you need in the near future, while long-term CDs may o...

By Taylor Medine

Jul 18, 2023

How to Calculate Your CD Returns

CD returns can fluctuate based on several factors, including the APY, amount of your initi...

By John Egan

Jul 16, 2023

What Is a Promotional CD Rate?

Promotional CDs offer higher-than-average CD rates that can provide you with a better retu...

By Taylor Medine

Jul 13, 2023

4 Reasons to Open a CD

CDs can be a good place to save large sums because accounts tend to earn a higher APY than...

By Taylor Medine

Jun 25, 2023

What Is the Minimum Deposit for a CD?

You typically need a minimum of $500 to $2,500 to get a certificate of deposit; however, s...

By Karen Axelton

Jun 22, 2023

How to Choose the Best CD Account

To find the best certificate of deposit (CD), consider the different types of CDs, your go...

By Louis DeNicola

Jun 11, 2023

What Is a CD Barbell?

Using the barbell CD strategy is a way to manage long-term and short-term goals by splitti...

By Taylor Medine

May 29, 2023

What Are Bump-Up and Step-Up CDs?

Unlike fixed-rate CDs, the interest rate on bump-up and step-up CDs can increase after you...

By Louis DeNicola

May 2, 2023

Can You Lose Money With a CD?

CDs are at low risk for loss, but beware of withdrawing money before your maturity date or...

By Gayle Sato

Mar 25, 2023

What Are High-Yield CDs?

High-yield certificates of deposit (CDs) are low-risk deposit accounts that offer higher i...

By Kathryn Pomroy

Mar 23, 2023

When Does It Pay to Withdraw Your CD Early?

While most CD account holders keep their money in the CD until its maturity date, there ar...

By Tim Maxwell

Mar 20, 2023

What Are Brokered CDs and Are They a Good Investment?

A brokered CD is one you purchase through a brokerage or investment firm, not your bank. B...

By Tim Maxwell

Feb 28, 2023

How Are CDs Taxed?

Report interest you've earned on a CD or other interest-earning account on your federal ta...

By Gayle Sato

Feb 28, 2023

Which Low-Risk Investments Are Best for Inflation?

Low-risk investments may be attractive when inflation is running high. The right ones can ...

By Marianne Hayes

Feb 11, 2023

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