Cassidy Horton is a finance writer covering banking, life insurance and business loans. She has worked with top finance brands including NerdWallet, MarketWatch and Consumer Affairs. Cassidy first ...

Each bank has its own definition for what qualifies as "new money," but generally, this means you must deposit funds from an external bank account. Should You Open a 3-Month CD? A 3-month CD is a ...

At Business Insider, we monitor national banks and credit unions daily to find the best 2-year CD rates currently offered. The best 2-year CD rate available nationwide is 4.25% (on balances of $ ...

Interest is compounded daily and credited to your account monthly. If you take money out of your CD during the agreed-upon term, before its maturity date, you’ll be charged a penalty for early ...