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CasarsaGuru/Getty Images Sometimes one is not enough. Savers could do themselves a disservice by opening a single CD at a local bank. In fact, there are advantages to parking your money in multiple CDs at one time. You won’t successfully grow your savings, however, by haphazardly sticking your...
PM Images/Getty Images When shopping for CDs, it pays – and by that, we mean puts dollars in your wallet – to be aware of the current interest rate environment and available offerings. The Federal Reserve has raised the federal funds rate nine times since December 2015....
Courtesy of Northwest Federal Here’s something to celebrate: One of the largest credit unions in Virginia is offering savers across the U.S a competitive 30-month CD deal. Northwest Federal Credit Union’s Celebration Certificate pays 2.02 percent APY. That’s two-tenths of a percentage point higher than the top...
Deciding where to stick your savings is tricky. Savings and money market accounts are highly liquid but usually offer a low rate of return. Long-term CDs offer better rates. But unless you’re willing to pay a premium for withdrawing your funds early, they’ll be locked...
BRENDAN SMIALOWSKI/Getty Images It’s a good time to take a close look at short-term CDs. The Federal Reserve voted to leave interest rates unchanged at the conclusion of its meeting today. This pause means that CD yields aren’t likely to move much higher in the near future....
When you have hundreds of thousands of dollars at your disposal, your investment options can seem endless. If you’re looking to diversify your portfolio and minimize risk, consider buying a jumbo CD that is insured through a Federal Deposit Insurance Corp. (FDIC) bank or...
If the returns on the best savings accounts won’t do, look toward a certificate of deposit (CD). CDs are safe vehicles for investors. If you keep your funds locked up for an entire term, you can expect to end up with your initial deposit...
If you’re sick of low interest rates on savings accounts and you won’t need to access your money for a while, it might be time to branch out and explore 2-year CDs. You can think of CDs as a higher-paying savings account that’s stashed...
Interest rates are on the rise from their rock-bottom lows following the last recession, but they’re still not great. That makes figuring out where to park your cash a hard decision. One product that might be able to provide a higher rate than a...
When you have hundreds of thousands of dollars at your disposal, your investment options can seem endless. If you’re looking to diversify your portfolio and minimize risk, consider buying a jumbo CD that is insured through a Federal Deposit Insurance Corp. (FDIC) bank or...