A short-term certificate of deposit (CD) account comes with an interest rate higher than most traditional savings accounts, high-yield savings versions, and even many long-term CD options.

After a string of cuts were made to the federal funds rate by the Federal Reserve in 2024, many savers have felt like the good times were over for certificate of deposit (CD) account yields.

Getting a low interest rate could cost you hundreds or thousands of dollars. Picking the wrong CD term could force you to cash out early and lose interest earnings. If you miss your CD's maturity ...

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.

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The best 1-year CD rates offered by national banks and credit unions are much higher than the national average. The best CD rate for a 12-month CD term right now is 4.55% APY from Credit Human ...

If you want to save for a future goal and potentially earn much better returns, consider a certificate of deposit (CD). A CD is a low-risk type of deposit account that helps you earn compound ...

Business Insider's personal finance team checks the best nationwide financial institutions daily to help you find the right 5-year CD for you. The best 5-year CD rates are far higher than the ...

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 ...

Browse Investopedia’s expert-written library to learn more. CDs, along with other types of deposit products, do not build credit. Only borrowing money through some type of loan from a ...

Chase Bank offers both standard and relationship interest rates on its CD accounts. Relationship rates are specifically for customers with a linked Chase personal checking account. All standard ...

The best CD rates are currently higher than the best T-bill rates. T-bills come in shorter terms than CDs. The interest earned from T-bills is exempt from state and local taxes. If you're looking ...