Below are the 10 best rates for CDs in August 2025. All of these accounts are protected by either the Federal Deposit ...

Earning the best 12-month certificate rate this month at 5.11% only requires a minimum balance of $500 at Geismar Complex ...

If you've noticed your savings account interest rate recently dropped, you're not alone. Banks routinely adjust the annual percentage yield, or APY, on their savings accounts, especially after the ...

Thinking about taking cash out of your CD early? Learn how to calculate if it's worth it, and why a high-yield savings ...

There are CD specials still running for the 4-, 8-, 17- and 25-month terms at Providence Bank. The highest of these offers is ...

CDs can help you lock in today’s generous interest rates ...

A certificate of deposit typically offers a higher rate of return than a traditional savings account. Find out which type of CD might be right for you.

What Is a Certificate of Deposit? A certificate of deposit is a safe, income-generating investment, as the funds are insured by the Federal Deposit Insurance Corp. up to $250,000.

Initial deposit The “initial deposit” is the amount you agree to put into your CD at opening. CIT Bank, for instance, has a $1,000 minimum deposit for most of its CDs.

As of February 18, 2025, the weighted average interest rate for a 12-month CD was 1.80%, compared with 0.41% for a savings account and 0.64% for a money market account, according to the Federal ...

Investing in a certificate of deposit has many benefits but there are also a few drawbacks that should be considered before opening one. Let's take a look at the pros and cons that come with a CD.

Typically, a certificate of deposit matures between six months and five years, although CDs are available in a variety of term lengths. CD rates change, so be sure to check current rates before ...