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
A consistently rising inflation rate is likely to adversely impact mortgage interest rates. rawintanpin/Getty Images Another month, another report showing inflation surging. The inflation rate moved to 4.2% in May, the Bureau of Labor Statistics reported on Wednesday. That’s up from the 3.8% it sat at in May and is now more than two full … 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
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
Searching for low mortgage interest rates has become more challenging for borrowers in recent months. Pakorn Supajitsoontorn/Getty Images Mortgage interest rates declined by around a full percentage point in 2025. At 7.04% in January 2025, according to historical FreddieMac data, the average rate on a 30-year term fell to 6.06% by January 15, 2026. And that … Read more
President Donald Trump criticized the possibility of the Federal Reserve raising interest rates, but said in an interview on NBC News’ “Meet the Press” that he wants Fed Chair Kevin Warsh “to do whatever he wants.” Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “Kevin is fantastic, and … Read more
Major stock indexes fell sharply Friday after a strong jobs report set the stage for the Federal Reserve to hike rates, rattling shares of companies that are involved in sky-high artificial intelligence investments. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The threat of higher interest rates often … Read more
Today’s CD rates are fairly high, historically speaking, but could they climb even higher this summer? Seiya Tabuchi/Getty Images Interest rates have been high but fairly stable lately. While that’s not great for those who need to borrow cash or take on credit right now, it is good for those looking to earn as much … Read more
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