A 2-year CD account can provide savers with a big return and extended protection on their money. Getty Images/iStockphoto June 2028 may feel like the distant future and, in a way, it is. After all, 24 months is a long time, and much can and will happen in the economy between June 2026 and then. … Read more
A $50,000 deposit can result in a substantial return for savers who open a CD account this month. BanksPhotos/Getty Images If you have $50,000 available in today’s economy, you’ll want to be more judicious with where you keep it than you may have normally been. With inflation surging, pay lagging and higher interest rates continuing … Read more
Interest earned on a $35,000 CD account can be worth hundreds, and possibly thousands of dollars, if opened now. Dmitriy Sidor/Getty Images Whether it took you years or just months, whether it was via an inheritance, a tax refund or via a clever investment, if you’ve been able to save $35,000 in today’s economy, then … Read more
Short-term and long-term CD accounts come with similar interest rates now, but the growth potential associated with each will look different. Getty Images/iStockphoto Historically, interest rates on long-term certificate of deposit (CD) accounts were higher than those available with short-term CDs. And that logic was easy to follow. Banks and lending institutions were willing to … Read more
Moving $200,000 of your retirement funds into a high, fixed-rate CD account may make sense now. Aleksandr Zubkov/Getty Images Protecting and growing your money is always important, but it’s especially so now for millions of Americans coping with rising inflation and higher borrowing costs. And it’s even more critical for those looking for effective ways … Read more
An $8,000 deposit will grow differently in a CD than it will in a high-yield savings account over the next year. Getty Images/iStockphoto Whether you have tens of thousands of dollars saved right now – or a smaller amount such as $8,000 – you’ll want to make sure that it’s being kept in a secure … Read more
With the right deposit amount, savers can earn a $300 return with a CD account in less than a year. Juanmonino/Getty Images Certificate of deposit (CD) accounts are valuable savings tools that can allow you to accomplish multiple goals at once. Want to protect your money in today’s unpredictable interest rate climate? A CD can … Read more
A 6-month CD account could be worth opening for many savers this June. Muhammad Labib Adilah/Getty Images A certificate of deposit account has multiple advantages for savers in today’s economy. For starters, the account comes with an elevated interest rate of around 4% right now. That makes it exponentially more profitable than a traditional savings … Read more
Savers can still earn a sizable return on their money now, as long as they keep it in the right type of account. Jenner Images/Getty Images In today’s high-rate and inflationary economic environment, there are plenty of ways to spend your money. With inflation at its highest point since 2023, high interest rates frozen since December … Read more
Interest on your $70,000 will grow differently based on the account it is kept in. Getty Images/iStockphoto If you have $70,000 sitting in your bank account right now, you may be overwhelmed with your options. You can use that money to make a significant down payment on real estate, for example. Or you can buy … Read more