Certificate of Deposit (CD) Account FAQs
Business Certificates of Deposit (CDs): How They Work Learn about business certificates of deposit (CDs) and how they work to safeguard and grow a portion of your business's funds. Jumbo CDs: Compare Pros and Cons Before Locking in Your Money Compare the pros and cons of opening a jumbo CD (certificate of deposit) if you plan to lock in $100,000 or more for a higher interest rate on cash savings. Investing in CDs: The Pros and Cons to Consider Compare the pros and cons for investing your savings in certificates of deposit (CDs) to find out if you comfortable locking in your money for a long time. Why Do CD Rates Vary By State? Savers may often wonder why certificate of deposit (CD) rates can change depending on their ZIP codes and/or state. Find out why the rates may differ by market. How to Boost the Interest Rate on Your CDs? If you're looking for ways to get a higher interest rate on your certificates of deposit (CDs), consider these different ways to boost your APY. Should You Keep Your Emergency Fund in a CD? An emergency fund is supposed to be money that you've set aside for unexpected financial expenses. Find out whether it makes sense to keep your emergency fund in a certificate of deposit (CD) -- compared to an online savings account. Compare the pros and cons of this approach and how it could affects your ability to access your cash. Should You Use a Bump-Up CD? Find out whether a bump-up CD (certificate of deposit) is the right savings option for you during a time when you're unsure about the direction of interest rates. Learn how CD rates fluctuate to see when it is best to take a rate-increase option. Consider the alternative to bump-up CDs: a CD ladder. How to Use CDs to Save for a Home Down Payment Learn how you can use certificates of deposit (CDs) to save for a home down payment and find out ways to earn the highest interest for fast savings growth. Learn the Basics of Certificate of Deposit (CD) Banks and credit unions, both offer depositors or members the option of purchasing CDs which are like savings accounts that you promise not to withdraw money from for a specific period of time. When Should You Open a CD Account Certificate of Deposits sound like a good way to save money, but how do you know you‘re ready for one? Here are three signs that show when to open a CD. How to Get More by Building a Flexible CD Ladder It‘s not always the best idea to pick your CD ladders by only considering the highest yield ones at this moment, and it could actually end up hurting you. Putting Your Money in a Callable CD: How Wise Is It? Learn what is a callable CD is and how it works. Callable CDs are typically higher in rate than the regular CDs, and that's the pitch most bankers use when selling this type of CD. Opening a CD Account - Hard Pull Vs Soft Pull Explained When trying to open a CD account you might hear about hard and soft pull credit checks. Hard pull vs soft pull - which is going to affect you the most. CDs vs. Bonds: Which is the Better Investment for Your Money? What are government bonds? MyBankTracker breaks them down and compares them to CDs, so you can decide which product is best for your savings.