Certificates of deposit (CD) are a savings tool that usually offers higher interest rates than traditional savings accounts. CDs are low-risk and have fixed rates and terms that can provide predictable returns at maturity.   What to Consider When Shopping for a CD  Considering your savings goals will help determine what rate, term, and type of […]

Certificates of deposit (CDs) and high-yield savings accounts are generally a great place to store excess cash while earning more with higher-than-average interest rates. But what truly differentiates the two is how the interest rate is set and the accessibility of your cash. What is a CD? A CD is a low-risk account that offers

Changes have come to effect to Federal Deposit Insurance Corporation (FDIC) coverage. The FDIC adopted a new rule on April 1, 2024, to simplify insurance coverage for beneficiaries, more specifically for formal or informal trust accounts. What does the new trust account rule do? The change combines revocable and irrevocable trusts into one ownership category.

Certificates of deposit are a safe way to invest your money while earning more with interest rates that are generally higher than your traditional savings account. CDs typically have a fixed-term length and fixed-term rate, with a minimum deposit required to open the account.  But there is a catch. When you open a CD, you

Government-backed deposit insurance protects money in deposit accounts in the unlikely event that a bank or credit union fails. Banks are insured by the Federal Deposit Insurance Corporation (FDIC), while credit unions are insured by the National Credit Union Administration (NCUA).   What is the FDIC?  In response to many Americans who lost their life savings

Certificates of deposit (CDs) and bonds are known to be low risk as they typically are designed to return your principal, generally pay higher interest rates than traditional savings accounts, and offer fair returns. You’re able to tuck away excess cash, watch it grow at a set term and interest rate, and be confident that

There are several options to safely store money, but deciding on which option to choose is a little easier when you know you can grow your nest egg while it’s tucked away. Certificates of deposit (CDs) and money market accounts (MMAs) can do just that. They are alternatives to traditional savings accounts and are not

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

For those who have 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 are often from credit unions.    Why do credit unions pay higher CD rates? They say one reason is