Savers can effectively grow their money with a 1-year CD without sacrificing long-term access to their funds. Getty Images/iStockphoto While extended protection for your money is ideal, sometimes it’s not realistic. Nor is it even needed. Sometimes, you just need to earn a little extra on your money while protecting your principal. While a certificate … Read more
A $1,000 CD account won’t be right for every saver, even in today’s elevated interest rate environment. Getty Images/iStockphoto While it can be tempting to deposit as much money as you possibly can into a high-rate certificate of deposit (CD) account now, the reality is that you likely need to maintain access to your money. … Read more
Your $40,000 will grow differently based on the account it’s kept in. Richard Drury/Getty Images Whether it took you years to save up a large sum of money, such as $40,000, or whether it was accumulated fairly quickly via an inheritance, bonus or tax refund, the importance of securing it in a safe and profitable … Read more
Short-term CDs and money market accounts should be carefully evaluated by savers now. Getty Images/iStockphoto There are multiple viable ways for savers to accumulate $50,000 in their savings accounts. But in today’s uncertain economic climate, there are few clear ways to protect and grow that money further. Stock market performance has been strong, for example, … Read more
A 2-year CD account offers savers extended protection for their money in addition to a competitive interest rate. Getty Images/iStockphoto Two years can be a long time in any economic climate, but especially so in the unique one millions of Americans find themselves in this June. In June 2024, for example, the Federal Reserve hadn’t … Read more
Savers can safely and effectively grow their $10,000 by opening a long-term CD account now. athima tongloom/Getty Images If you’re looking to earn an elevated return on your money, a certificate of deposit (CD) account could be one of the best options to choose. And if you’re looking to avoid market uncertainty with a guaranteed … Read more
A $70,000 CD account will earn a significant return in just a few months. Olena Malik/Getty Images It can take a long time to save money, especially if you are aiming to secure a five-figure sum. And in the economic climate of the last five years, in which inflation soared and borrowing costs surged alongside … Read more
Interest earnings on a $125,000 CD account will rise fairly quickly for savers. Tuomas Lehtinen/Tuomas A. Lehtinen/Getty Images If you’ve been able to save $125,000 in recent years or have accumulated those funds via an inheritance or real estate sale, the possibilities of what to actually do with them may seem limitless. You can make … Read more
A CD account could be a viable home for your $90,000 in today’s high-rate economic climate. witthaya_prasongsin/Witthaya Prasongsin /Getty Images Storing your $90,000 in a savings account may feel unconventional, but in today’s unique economic terrain, taking an unconventional approach may be exactly what’s needed. With inflation now at its highest point in three years, … Read more
It may be worth locking your money into a high-rate CD account now that interest rates are holding steady again. Getty Images/iStockphoto If you have a large, five-figure amount of money, such as $90,000, in your savings account now, investing it in stocks, bonds, real estate or a mix of all three may seem like … Read more