CD CD vs. IRA: Which one is better for your retirement savings? If you’re looking for a safe place to store your savings, both a CD or an IRA could be a good choice. Here’s a breakdown of the key differences between a CD vs. IRA and which is better. Best high-yield savings interest rates today, April 22, 2025 (top rate at 4.40% APY) The best savings account interest rates are still well above historical norms. Find out which banks and credit unions are offering the highest savings rates today. The best CD rates on the market right now: Lock in up to 4.35% APY We identified the best CD rates and accounts available today based on interest rates, fees, and more. See our top picks across 6-month, 1-year, and 18-month terms. Is paying a CD early withdrawal penalty ever worth it? Usually, it’s important to avoid CD early withdrawal penalties. However, there are some situations when it could be worth incurring the penalty. Learn more. How does inflation impact savings and CD rates? Understanding the relationship between savings/CD rates and inflation can help you maximize your interest earnings. Here’s how inflation impacts savings account and CD rates. These 8 banks offer CDs with no minimum deposit requirement CD minimum deposit requiements can make it tough for new savers to open an account. But some CDs have no minimum deposit. Here are eight options to consider. Are CD rates going up or down in 2025? Are CD rates expected to go up or down this year? Here’s what could happen, according to experts. What is a negotiable certificate of deposit (NCD)? A negotiable certificate of deposit may be an attractive option for those with a lot of cash to invest. Here’s how they work, the pros and cons, and alternatives to consider. Is a certificate of deposit (CD) still a good investment? Is a certificate of deposit a good investment right now? That depends on your timeline and goals. Learn more about whether now is a good time to invest in CDs. This map shows the highest CD rates in every state Here’s a look at the highest CD rates in every state. View rates by bank or credit union, and find the best CD in your community. Are 10-year CD rates worth it? A 10-year CD allows you to lock in your interest rate over the next decade. But are 10-year CD rates competitive compared to other CD terms and account options? Learn more. CD vs. mutual fund: Which is a better investment? CDs and mutual funds are two ways to save for long-term goals. In this breakdown of a CD vs. mutual fund, learn how they differ in terms of risk, fees. and returns. What is the Certificate of Deposit Account Registry Service (CDARS), and how does it work? If you have more than $250,000 in bank deposits to insure, you may want to go through CDARS. Learn more about how this service works. Fixed annuities vs. CDs: Which is better for your retirement savings? For those approaching retirement, "safe" investments like CDs or annuities can be appealing, but there are key differences you should know. 10 types of CDs: Which one is right for you? There are many types of CDs on the market, all of which come with their own advantages and drawbacks. Here are 10 types of CDs you can choose from. The 4 best (and worst) places to keep your emergency fund If you're wondering where to keep your emergency fund, here are a few account options to consider, as well as some to avoid. Saving to buy a house? Here's where you should park your down payment money. Saving up a down payment for a house is a big goal, and where you put those savings can make a big difference in how easily to achieve it. Here are five smart options to consider. What is a step-up CD, and how does it work? Step-up CDs increase the interest rate at regular intervals throughout the CD’s term. However, you will likely find better interest rates on your savings elsewhere. Here’s what to know about step-up CDs. Bread Savings review (2025) If you’re looking to earn a high interest rate on your savings, Bread Savings could be a great fit. Learn more about the pros and cons of banking with Bread Savings in this in-depth expert review. How to maximize your interest earnings following a Fed rate cut The Fed's rate cut will have a ripple effect on bank accounts. So how can you keep earning interest on your savings? Here’s what to do. Understanding CD terms: How long should you lock in your money? CD terms range from a few months to several years. So how do you choose the best CD term? This guide will walk you through it. What is an IRA CD? If you think a CD could help you meet your retirement savings goals, an IRA CD might be a good fit. Here’s a closer look at what an IRA CD is and how it works. Are CDs a type of investment? Deposit accounts like CDs work differently than market investments. Yet, a CD is considered a certain type of investment. Learn more about CD investments and how they can fit into your overall portfolio. Here’s why online banks offer the highest savings interest rates If you’re looking for the best savings interest rates, you’ve probably noticed that most are offered by online banks. So how are online banks able to pay such high rates? Here’s the answer. What is an add-on CD? An add-on CD lets you make additional contributions to your balance after the initial funding. However, it’s important to understand the pros and cons of add-on CDs before opening an account. What is the average CD interest rate? CD interest rates play a key role in how much your savings can grow. Find out where today’s average CD rates stand and how to maximize your interest earnings. How to avoid taxes on CD interest Typically, you must pay taxes on CD interest. But there are ways of getting around this rule. Learn how to avoid taxes on CD interest. Why a CD should be part of your retirement savings plan When you’re mapping out your retirement strategy, make sure it includes a certificate of deposit. A retirement CD has a lot of advantages, like guaranteed income, that can strengthen a retirement portfolio. Can you add money to a CD? If you have a certificate of deposit and want to add to your balance, you might be wondering whether you can add money to a CD. Here's what you should know. What is a jumbo CD? Jumbo CDs are a type of certificate of deposit with higher minimum balance requirements — and often, higher interest rates. Here’s how they work. What is a brokered CD? Brokered CDs are offered by brokers instead of banks and may pay higher interest rates. But they also come with some risks. Here’s what you need to know. Can you gift a certificate of deposit? Thinking about giving a CD as a gift? It’s possible, but there are limitations. Here’s what you should know about gifting CDs. What is a callable CD? If you’re looking for a high-yield CD, you may have come across a callable CD. Learn more about how callable CDs work and whether they make sense for you. What is a bump-up CD? A bump-up CD allows you to increase your rate if interest rates rise during the term. However, there are some trade-offs for this flexibility. What is a share certificate? Share certificates are offered by credit unions and have features similar to CDs. Learn more about how share certificates work and how to open one. What is a no-penalty CD? No-penalty CDs don’t charge fees if you need to withdraw your money early. But they do come with some trade-offs. Here’s what you need to know. Can you lose money in a CD? Maybe. Can a CD lose money? In most cases, no. But there are rare situations when a CD may lose money. Learn how to protect your CD principal and interest from loss. CDs vs. Treasury bills: Maximizing your savings CDs and Treasury bills provide advantages over traditional savings accounts, but there are some key differences to keep in mind. Are CDs FDIC insured, and why does that matter? Learn more about how FDIC insurance protects CDs and what happens if your bank or credit union fails. Are banks open today? 12 federal holidays when your bank is closed. Here’s how to plan around federal bank holidays, which could affect fund availability, deposits, and bill payments. What's the typical minimum balance for a certificate of deposit (CD)? The typical minimum balance for a certificate of deposit is $500 to $1,000. However, some CDs may require more, while others don't require a minimum at all. What is a CD early withdrawal penalty? CD rates are generally higher than traditional savings account rates, but CDs may have early withdrawal penalties. Here’s what to know about these penalties. What should you do once your CD matures? When you reach the end of your CD's term, the CD matures. At this point, you have a few options for what to do next. Here's how to handle a mature CD and get the most out of your savings. Short- or long-term CD: Which is best for you? There aren’t any straightforward answers for how to choose between a long-term and short-term certificate of deposit, but a few factors can guide you. CD vs. money market account: What's the difference? Comparing a CD with a money market account can help you decide which is right for you. How do CDs work? Here's what you need to know. A certificate of deposit (CD) is a helpful tool you can use to save money and earn a higher interest rate. So how do CDs work? Here's all you need to know. What is a CD? CDs are a type of savings account that offers high interest rates in exchange for leaving your money untouched for a set period of time. How to set up a CD ladder A CD ladder is a strategy that involves putting your money into multiple CDs with varying terms. Here's how it works and whether it's right for you. CDs vs. bonds: What's the difference and which one is right for me? CDs and bonds are both low-risk investments, but there are key differences you should know. Learn more about whether CDs vs. bonds are best for your savings. How to open a CD account in 5 simple steps A certificate of deposit (CD) can be a great tool to help you reach your savings goals. Learn how to open a CD account in minutes.
