The interest-earning potential of a CD account now versus one year ago should be weighed carefully. Andrii Yalanskyi/Getty Images A certificate of deposit (CD) account has been one of the better homes for your money in recent years. Interest rates on the account surged alongside decades-high inflation and an elevated Federal funds rate. And they … Read more
The growth potential of CDs, high-yield savings and money market accounts won’t be identical for savers. AN Studio/Getty Images While it may feel good to deposit a big, round number in a high-rate savings account right now, the reality is that doing so isn’t always that easy, especially in today’s economy. With inflation surging last … Read more
A $12,000 deposit into a CD can result in a big return for savers who act now. Getty Images/iStockphoto Locking all of your money away in a fixed interest rate savings account may sound ideal and even tempting in today’s economy, now that inflation is rising again, but it’s not always the best approach to … Read more
Interest earnings on a $25,000 2-year CD account will be worth thousands of dollars upon account maturity. SimpleImages / Getty Images In a conventional savings or investing climate, depositing a large sum into a long-term certificate of deposit (CD) isn’t often the best choice for savers. After all, to earn interest on the account, you’ll … Read more
A $10,000 6-month CD could be advantageous for many savers right now. Getty Images/iStockphoto While earning as much interest as possible on your savings is ideal, sometimes it’s not even necessary. And while protecting your funds long-term can be helpful, even some short-term protection is often better than nothing. These are the realities savers are … Read more
Savers should carefully calculate their interest earnings before depositing $18,000 into a CD account now. Getty Images/iStockphoto While it may be tempting to open a certificate of deposit (CD) account with a large, round number, the reality is that all of your money needs protection right now. And, if you can grow that money with … Read more
Savers should closely compare their CD and money market account options before making a large deposit into either. Javier Zayas Photography/Getty Images If you have $75,000 saved and are looking to increase those savings further, you may be tempted to invest it now. With options like stocks, bonds, real estate and even alternative investments like … Read more
The interest-earning potential of a $7,500 CD account could be advantageous for savers right now. SimpleImages/Getty Images Saving money in the economic climate of recent years has been difficult for many Americans. Thanks to decades-high inflation (which is still above target, albeit much lower), elevated interest rates, and market uncertainty, saving just a few thousand dollars was difficult. However, … Read more
Savers should carefully calculate their interest earning potential before locking any money into a CD account. seksan Mongkhonkhamsao/Getty Images Depositing large, five-figure amounts of money into a savings account like a certificate of deposit (CD) can be both lucrative and smart, particularly in today’s volatile financial climate. But it isn’t always the flexible move to … Read more
Savers looking to home $75,000 may want to consider the advantages a money market account offers now. Aleksandr Zubkov/Getty Images With news this March that the Federal Reserve was again keeping its interest rate-cutting campaign on pause (for the second time this year) and with the need for safe and profitable savings accounts pronounced thanks … Read more