Interest rates have cooled over the past 14 months, with the Federal Reserve appearing to mirror its late-2024 pattern of rate cuts. The central bank lowered its benchmark rate by 0.25% in both ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Rates on 18-month CDs aren't quite as high as 1-year CDs, but that can ...

Kelly is a former editor for CNET Money covering banking. She has over 10 years of experience in personal finance and previously wrote for CBS MoneyWatch covering banking, investing, insurance and ...

Opening a CD account means locking your money for a fixed term (3 months to 5 years) in exchange for guaranteed interest rates. CDs work best for specific savings goals with known timelines, like ...

Not sure how to open a certificate of deposit (CD) account? It’s easier than you might think. All it takes is choosing a bank, picking a term that fits your savings goals and making a deposit. Here’s ...

CD rates in August are still red hot. The Federal Reserve opted not to lower its benchmark interest rate in late July, thereby allowing the strong CD rates that have been around since the start of the ...

For much of 2024, it was easy enough to lock in a 5% CD. But at this point, 5% CDs are harder to find. The good news is that you can still score a pretty good rate on a CD. If you procrastinated on ...