- Brokered CD vs. Bank CD: Which Should You Choose?
A bank CD is issued directly by a bank and pays a fixed rate if you hold it to maturity. A brokered CD, on the other hand, is purchased through a brokerage and often offers access to higher rates and a wider range of issuers. Brokered CDs can be sold before maturity, while bank CDs… read more…
- How Liquid Are Certificates of Deposit (CDs)?
Unlike a traditional savings account that lets you access funds at any time, certificates of deposit (CDs) require you to lock in your money for a predetermined period from a few months to several years. This commitment often results in higher interest rates than what conventional savings accounts pay. But, if you withdraw before the… read more…
- What Is a Liquid Certificate of Deposit (CD)?
Unlike traditional CDs, which require you to lock in your money for a fixed term, a liquid CD offers the flexibility to withdraw funds without incurring penalties. This type of CD can be an attractive choice for savers who seek the security of a CD but also value the ability to access their money when… read more…
- Certificates of Deposit (CDs) vs. IRAs: What’s the Difference?
Certificates of deposit (CDs) and individual retirement accounts (IRAs) are two of the most popular savings options. While both help individuals grow their money, they serve different purposes that offer unique advantages. If you’re deciding between CDs vs.IRAs, it’s important to understand how each works and what role they can play in your overall financial… read more…
- How Does a CD Account Work?
A certificate of deposit (CD) is a savings account from a bank or credit union that holds your money for a set time in exchange for a fixed interest rate. There are different types of CDs, each with its own terms and benefits. A financial advisor can help you decide if CDs fit into your… read more…
- How to Withdraw Your Money From a CD Account
Withdrawing money from a certificate of deposit (CD) account can be a bit more complicated than withdrawing from a regular savings account, especially if you are considering accessing funds before the CD matures. CDs are designed to hold your money for a set period, and withdrawing early often comes with penalties. Whether your CD has reached… read more…
- Types of Certificates of Deposit (CDs)
Certificates of deposit (CDs) offer a range of options for savers looking to secure their funds while earning interest. The primary types of CDs include traditional CDs, which provide a fixed interest rate for a specified term, and jumbo CDs, which require a larger initial deposit but often offer higher interest rates. Other variations, such… read more…
- Can You Donate CDs to Charity?
Certificates of deposit (CDs) can indeed be donated to charity, offering a unique and impactful way to support your favorite causes. Donating CDs to charity not only provides financial benefits to the organization but can also offer charitable tax deductions for the donor, too.. By transferring ownership of a CD, the charity can cash it… read more…
- How a CD Loan Works
In volatile markets, certificates of deposit (CDs) stand as a beacon of stability and opportunity through their unique blend of security and growth potential. However, surprise expenses can come up, and you may want to withdraw your funds before the term expires. Fortunately, CD loans are available at some banks and credit unions, allowing you… read more…
- CD Calculator
Certificates of deposit (CDs) can be a safe and steady way to grow your money with minimal risk. Choosing the right CD lets you match your investment with your timeline and appetite for risk. SmartAsset’s CD calculator can help you determine what a CD could earn based on your initial deposit, the length of the… read more…
- Will CD Rates Continue to Go Up in 2025?
The Federal Reserve hiked interest rates seven times in 2022 in an attempt to combat inflation, a fight that has proved daunting. Continuing its hawkish stance in 2023, the Fed raised rates at the first two Federal Open Market Committee (FOMC)… read more…
- Are Certificates of Deposit (CDs) FDIC-Insured?
Certificates of deposit (CDs) offer a great, more structured way to save. CDs have specific time terms that typically vary from a few months to a decade. After you make your initial deposit, you can’t access your funds until the… read more…
- What Is a Callable Certificate of Deposit (CD)?
If you’re a savvy investor, you’re likely looking for ways to diversify your investment portfolio. Callable certificates of deposit (CD) are a way to invest your money for several years with a guaranteed interest rate in an FDIC-insured account. However,… read more…
- When to Save in a CD vs. Savings Account
Certificate of deposit (CD) accounts and savings accounts can help you keep your money safe and secure while earning some interest on balances. While they’re both deposit accounts, they aren’t exactly the same when it comes to interest earnings, fees and access to your money. Your decision to open a CD or savings account will… read more…
- Bonds vs. CDs – What You Need to Know and Which You Should Invest In
Bonds and certificates of deposit (CD) are generally safe investments with little to no risk of reducing your principal. However, each one has distinctive features that may suit different kinds of investors. The bonds vs. CDs choice takes some consideration… read more…
- What Is the Average CD Rate?
Certificates of deposit, or CDs, offer a reliable and structured approach to savings. A CD has a set term length. Once you make your initial deposit, you can’t touch that money until the term ends. This allows your money to… read more…
- Certificate of Deposit (CD) Pros and Cons
Investing in a certificate of deposit (CD) account provides you with several benefits, but they may not be what you’re looking for in your unique situation. As with anything in the investing world, you face some risk with CDs, though… read more…
- How to Build a CD Ladder
Certificates of deposit, or CDs, come in various term lengths. Once you make your initial deposit, you cannot access the money in the account until the end of the account’s term, also known as its maturity date. A CD ladder… read more…
- Market-Linked CDs: What Are They and Should You Have One?
When browsing a bank’s account options, you’ve probably come across certificates of deposit, or CDs. These are time sensitive accounts that grow your initial deposit for a given amount of time, depending on your preferences. In these CDs, your money… read more…
- Money Market Accounts vs. CDs: What’s the Difference?
When it comes to saving your money, you have a number of account options. You might first think of a simple savings account that allows your money to grow according to a set interest rate. You also have the options… read more…
- What an IRA CD Is, Rates and How It Works
Saving for retirement is important for people of all ages, with a 401(k) being a particularly popular option. However, this standard account type may not always be enough. That’s where an individual retirement account, or IRA, comes in. IRAs let… read more…
- How to Use a CD Ladder to Build an Emergency Fund
An emergency fund can be a lifesaver if you find yourself in a tight spot. But the amount of savings you have may vary depending on where you park your rainy day fund. While a traditional savings account is more… read more…
- What Is a Certificate of Deposit?
A certificate of deposit (CD) is an example of a low-risk, low-return place to stash your money. CDs are offered by banks and credit unions. Like bonds, they have maturity dates. You buy a CD with a maturity date that… read more…