Certificate of Deposit (CD) Account FAQs

Turning a CD into a Secured Loan: Pros and Cons to Consider Find out how CD secured loans work and compare the pros and cons of this collateralized borrowing option. Forgot About an Old CD Account? How You Can Find Your Money Photo of Thomas (TJ) Porter Thomas (TJ) Porter Forgot About an Old CD Account? How You Can Find Your Money Certificates of deposit (CDs) are a great way to save money if you want a...

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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. What is a CD?: A Quick 101 Guide Photo of Simon Zhen Simon Zhen What is a CD?: A Quick 101 Guide A Bank CD is an acronym for Certificate of Deposit. Banks and credit... Should You Invest in Brokered CDs? Photo of Kevin Mercadante Kevin Mercadante Should You Invest in Brokered CDs? In many respects, certificates of deposit (CDs) are great investments. Why? You get... 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. What Are Market-Linked CDs? Photo of Valerie Ashton Valerie Ashton What Are Market-Linked CDs? A certificate of deposit (CD) can be one of the best low-risk savings vehicles that... Should You Invest in Series I Savings Bonds or CDs? Photo of Valencia Patrice Higuera Valencia Patrice Higuera Should You Invest in Series I Savings Bonds or CDs? Series l savings bonds and certificate of deposits (CDs) are low-risk, long-term... 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. Can You Transfer an IRA CD to Another Bank? Photo of Thomas (TJ) Porter Thomas (TJ) Porter Can You Transfer an IRA CD to Another Bank? Yes, it is possible to transfer an IRA CD to another bank, but not without... How to Open a Certificate of Deposit (CD) for Your Child Photo of Thomas (TJ) Porter Thomas (TJ) Porter How to Open a Certificate of Deposit (CD) for Your Child One thing that all parents want is for their children to succeed in life. To that... 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. What to Do When a Certificate of Deposit (CD) Owner Dies Photo of Simon Zhen Simon Zhen What to Do When a Certificate of Deposit (CD) Owner Dies Why is that we always get stuck with the short end of stick when banks mess things... Should You Rollover Certificate of Deposit (CD) After it Matures Photo of Peter Bennett Peter Bennett Should You Rollover Certificate of Deposit (CD) After it Matures With your certificate of deposit (CD) about to roll over, now’s the time to ask,... 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. Comparing Early Withdrawal Penalty Fees for CDs Photo of Amy He Amy He Comparing Early Withdrawal Penalty Fees for CDs A certificate of deposit (CD) is an investment option offered by banks and credit... How to Earn More Interest With CD Ladder Strategies Photo of Simon Zhen Simon Zhen How to Earn More Interest With CD Ladder Strategies A certificate of deposit (CD) is one of the safest saving tools available and usually... 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. Installment Savings Accounts: Which Is The Better Saving Strategy? Photo of Simon Zhen Simon Zhen CDs Vs. Installment Savings Accounts: Which Is The Better Saving Strategy? A disciplined way to save up these days could be by building up your money in... What is a CD Ladder and How to Use It to Maximize Yields Photo of Simon Zhen Simon Zhen What is a CD Ladder and How to Use It to Maximize Yields Laddering your CD portfolio is a good way of taking advantage of the highest CD rates... CDs vs Government Bonds: Which is Better? What are government bonds? MyBankTracker breaks them down and compares them to CDs, so you can decide which product is best for your savings.