Not sure how to open a certificate of deposit (CD) account? It’s easier than you might think. All it takes is choosing a bank, picking a term that fits your savings goals and making a deposit. Here’s ...
For example, say you open a five-year CD with $5,000 and earn a 1.00% APY. At the end of your CD term, you’d have $5,255 and change. If you’re saving for a long-term goal that has a specific end date, ...
Since CD rates are sitting at near-record highs, you may be thinking of opening one this September. And if so, you may be looking at a rate of around 5%. That's pretty hard to beat in the context of ...
Kelly is a former editor for CNET Money covering banking. She has over 10 years of experience in personal finance and previously wrote for CBS MoneyWatch covering banking, investing, insurance and ...