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.

But, a certificate of deposit (CD) can help. That's because today's leading accounts come with higher returns than the current inflation rate. However, strong current returns aren't the only ...

Interest is compounded daily and is credited monthly. You can withdraw interest earned at any time during your CD term without penalty. CDs automatically renew at maturity. Synchrony customers ...

You might want to open a 6-month CD if you're looking for a way to lock in a high interest rate for half a year. According to the FDIC, the national average CD rate on a 6-month term is 1.61% APY ...

The Fed held rates steady at its March Federal Open Market Committee meeting. Fed rates tend to impact CD rates, so it's expected that CD rates will stay relatively stable until the next Fed ...

If you're looking for a very short-term CD, a 3-month CD might be the right choice for you. You won't find 3-month CDs as easily as 6-month or 1-year CDs, as not every financial institution ...

Lauren Graves is an educator-turned-editor specializing in personal finance content. She seeks to make complicated topics easier to understand and less intimidating to the average reader with ...

Business Insider's personal finance team compared Fidelity CDs to the best CD rates and discovered it was a standard offering. Its CD rates are generally strong, but they change often, and ...

CD terms can range anywhere from one week to ten years, with longer-term CDs generally offering better rates. But tying up money for several years may not be for everyone. A 2-year CD is a ...

Charles Schwab CD rates are similar to some of the best CD rates at online banks and credit unions — just keep in mind that brokered CDs aren't the same as traditional CDs, though. You may like ...

The best 1-year CD rates offered by national banks and credit unions are much higher than the national average. The best CD rate for a 12-month CD term right now is 4.50% APY from Credit Human ...