Thanks to inflation and a higher federal funds rate, certificate of deposit (CD) interest rates have increased exponentially in recent years. CD interest rates barely broke 1% a few years ago. By ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Find the highest APY available by comparing online banks and credit unions and looking for promotional terms. Build a CD ladder to take advantage of today's rates without locking all your money up for ...

CDs earning 4% APY provide guaranteed returns with FDIC insurance up to $250,000 — making them one of the safest investments available. A $10,000 CD at 4% APY earns $400 in one year, while a 5-year CD ...

Key Takeaways CDs provide predictable income through fixed interest rates and defined maturity dates.FDIC insurance makes CDs one of the lowest-risk income investments available.CD ladders can balance ...

Hanna Horvath is a CERTIFIED FINANCIAL PLANNER™ and Red Venture's senior editor of content partnerships. Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc.

As savings and deposit rates continue edging down, certificates of deposit stand out by offering something rare in today's economy: certainty. With the Federal Reserve's first policy meeting of 2025 ...

Savings account rates have been sliding for months now. The Federal Reserve has cut rates three times since the fall, and banks wasted no time adjusting their savings rates downward in response. If ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Simonapilolla / Getty Images As a personal finance writer who's covered CDs and ...

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 ...