See how we rate banking products to write unbiased product reviews. Currently, 1-year CDs offer some of the highest CD rates you can find across the board. The best CD rate for a 12-month CD term ...

Commissions do not affect our editors' opinions or evaluations. After climbing for the past couple of years, CD rates have been slowly declining in 2024. CD rates tend to track the federal funds rate.

The Federal Reserve has a meeting on January 28-29, which could impact future CD rates. The Fed made an interest rate cut in December 2024, lowering its rates for the third meeting in a row.

CDs are a good savings option to park money for a few months or years with minimal risk of losing your earnings. If you need to access the money before it fully matures, you’ll often pay an ...

Browse Investopedia’s expert-written library to learn more. CDs, along with other types of deposit products, do not build credit. Only borrowing money through some type of loan from a ...

Commissions do not affect our editors' opinions or evaluations. A one-year certificate of deposit (CD) gives you a guaranteed return on your investment with the security of FDIC insurance and the ...

A no-penalty certificate of deposit is a type of CD that charges no fee for withdrawing money before the term expires. It offers more flexibility than other CDs. Strict editorial guidelines to ...

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