Author name: Allison Sakounthong

Three Strategies to Help Optimize Your CDs (Certificates of Deposit)  

Landing on the right Certificates of Deposit (CD) that will help you earn more while you save, takes research, shopping around for rates, and making sure you have terms that align with what you want to financially achieve by a certain time.   Don’t get us wrong, CDs are an easy low-risk way to reach your …

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Climbing Rates

CD Rates Are Climbing – Here’s How It Affects You

Whether you’ve been keeping an eye out on the current interest rates or not, we all know that the greater the interest rate, the greater the potential we have to earn more. Fortunately for us, Certificates of Deposit rates are rising, but the important question is why is that happening and what does that mean …

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What Are the Different Types of CDs (Certificates of Deposit)?

If you’re thinking about ways to save your money, consider putting it in a Certificate of Deposit (CD). A CD is a bank account with an interest rate that is generally higher than a regular savings account. CDs typically have a fixed-term length, fixed-term rate, and a fixed date of withdrawal, known as the maturity …

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Why Do Credit Unions Usually Have Higher Rates?

For those who’ve been keeping up with the current rise in interest rates and shopping around to take advantage of the best CD (Certificate of Deposit) rates, you may have noticed some of the highest rates – 5.50% APY and above – are often from credit unions.    Why do credit unions pay higher CD rates? …

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CD Gifting Guide: Give CDs, Not Cash for the Holidays and All Year Round

Giving the right gift for the holidays can be a challenge, especially when it comes to kids. You want to give them what they want – a toy, video game, and of course the tried-and-true gift, money — but where’s the fun in just giving them cash? Well, if it’s money they want, a CD …

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CD Valet: A Nationwide Marketplace to Compare & Open CDs 

With an increasing need to grow and attract deposits, financial institutions are turning to one of the most popular savings strategies amongst consumers: Certificates of Deposit (CDs).   Certificates of Deposit have been top of mind as interest rates continue to rise and CDs have had a reputation for being a safe, efficient way to save …

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Taxes and Certificates of Deposit: What You Need to Know 

When do we not think about taxes? We certainly think about taxes when we consider how we invest our money. And taxes are also top-of-mind at the end of the calendar year.    Certificates of Deposit (CDs) have gained popularity this year, given their low risk and high return relative to other options. But as you …

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CNBC Your Money: The Untapped Savings Opportunity You’re Missing

As Certificates of Deposit (CDs) become a popular savings strategy due to rising interest rates – the highest they’ve been in 22 years – it’s left many wondering how they can utilize CDs to optimize their savings in today’s current economy.   Joining CNBC’s Your Money session, “The Untapped Savings Opportunity You’re Missing,” CD Valet Founder …

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