A certificate of deposit (CD) is a type of savings account offered by banks and credit unions. You deposit your principal into an account for a predetermined period of time, and receive a fixed ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Auto-renewing a CD is convenient, but it may be a good idea to compare rates and consider alternative options.

A CD is basically a time-locked savings account. You park your money for a set period — could be six months, could be five ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

The days of earning 5% or more on nearly risk-free certificates of deposit (CDs) are coming to an end, but for some, they could be ending even sooner than expected as banks and other financial ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Sabrina Karl has over two decades of experience writing about savings, CDs, and ...

Our picks for the best CD rates are offered by United Midwest Savings Bank (5.15%), BMO Alto (4.50%) and Alliant Credit Union (4.30%). We’ve put together a list of the best CD rates from our top-rated ...

Once your CD matures, you’ll receive your final interest payment and the return of your original deposit. However, taking the ...

Our team reviewed 154 of the country’s largest and most prominent financial institutions, from big banks like Chase and Bank of America to credit unions like Navy Federal Credit Union and PenFed ...