CDs are safe and offer a decent APY right now. However, the stock market can make you way more money in the long term. High-yield savings accounts offer similar APYs without the limitations of CDs ...

You have high-interest debt to tackle first. Not having access to your cash is a big downside of CDs. Make sure you have six months' expenses saved in an emergency account. With annual percentage ...

Commissions do not affect our editors' opinions or evaluations. After climbing for the past couple of years, CD rates have been slowly declining in 2024. CD rates tend to track the federal funds rate.

Currently, the best 1-year CD rates are some of the best rates you can get on CDs in general. The best CD rate for a 12-month CD term right now is 4.55% APY from Credit Human Federal Credit Union.

In January 2025, the Federal Reserve kept interest rates steady. Since Federal Reserve decisions impact CD rates, it's likely that CD rates will stay around the same in February as they were in ...

Still, there are plenty of CDs this month promising a competitive annual percentage yield — with a handful of the leading offers reaching and even exceeding 5% (you can see some of the highest ...

TD Bank offers three types of CDs: TD Choice Promotional, TD Bank No-Catch CD and TD Bank Step Rate CD. The primary offering, featured here, is the TD Choice Promotional CDs. TD Bank requires a ...

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 ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Sabrina Karl has over two decades of experience writing about savings, CDs, and ...

If you’re looking for a secure place to store your money and earn interest, a high-yield certificate of deposit (CD) could be a good option. These accounts require you to keep your money on ...

See how we rate banking products to write unbiased product reviews. Business Insider's personal finance team compared CDs to ...

Choosing between a certificate of deposit (CD) and an individual retirement account (IRA) boils down to your plans for the money. CDs offer stability for short-term goals with fixed APYs while ...