Certificate of Deposit (CD) Account FAQs

Why Do CD Rates Vary By State?

Why Do CD Rates Vary By State?

Savers may often wonder why certificate of deposit (CD) rates can change...

Can I open a CD for my child?

Wondering if you can open a CD for your child? Discover the simple steps to get started and make informed financial decisions for their future.

Thomas (TJ) Porter

How to Earn More Interest With CD Ladder Strategies

A certificate of deposit (CD) is one of the safest saving tools available and usually provides a higher return than a typical savings account does. The downside is that you do not have access to the funds until the CD...

Should You Rollover Certificate of Deposit (CD) After it Matures

Should You Rollover Certificate of Deposit (CD) After it Matures

With interest rates still super low, savers are asking themselves, are CDs...

What to Do When a Certificate of Deposit (CD) Owner Dies

What to Do When a Certificate of Deposit (CD) Owner Dies

Wells Fargo refused to honor a widow's certificate of deposit (CD), so...

Is a certificate of deposit right for you? Surprising benefits revealed

Explore the benefits and drawbacks of certificates of deposits to make informed financial decisions. Read on to enhance your savings strategy.

How do CDs work? A quick 101 Guide

Discover how certificate deposits work and learn their benefits and drawbacks. Get informed to make smarter financial decisions.

Can you lose money in a CD? What happens if you forget about an old CD account

Thomas (TJ) Porter

Can you lose money in a CD? What happens if you forget about an old CD account

Discover the potential risks and benefits of CDs. Can you actually lose...

Adding money to CDs: Your banking questions answered

Adding money to CDs: Your banking questions answered

Learn how to add money to a CD and get answers to...

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.

Veronica Stewart

How to Use CDs to Save for a Home Down Payment

How to Use CDs to Save for a Home Down Payment

Learn how you can use certificates of deposit (CDs) to save for...

Comparing Early Withdrawal Penalty Fees for CDs

Comparing Early Withdrawal Penalty Fees for CDs

A certificate of deposit (CD) is an investment option offered by banks...

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.

Should You Invest in Series I Savings Bonds or CDs?

Find out whether it is a better financial decision to invest your money in a Series I savings bond or a certificate of deposit (CD).

Valencia Patrice Higuera

What Are Market-Linked CDs?

What Are Market-Linked CDs?

Learn how market-linked certificates of deposit (CDs) work and how you can...

CDs Vs. Installment Savings Accounts: Which Is The Better Saving Strategy?

CDs Vs. Installment Savings Accounts: Which Is The Better Saving Strategy?

Learn more about installment savings accounts and compare them to certificates of...

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.

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.

Thomas (TJ) Porter

Jumbo CDs: Compare Pros and Cons Before Locking in Your Money

Thomas (TJ) Porter

Jumbo CDs: Compare Pros and Cons Before Locking in Your Money

Compare the pros and cons of opening a jumbo CD (certificate of...

Should You Invest in Brokered CDs?

Kevin Mercadante

Should You Invest in Brokered CDs?

Learn the difference between brokered CDs and the typical bank CDs to...

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.

Thomas (TJ) Porter

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.

Thomas (TJ) Porter

Investing in CDs: The Pros and Cons to Consider

Kevin Mercadante

Investing in CDs: The Pros and Cons to Consider

Compare the pros and cons for investing your savings in certificates of...

Business Certificates of Deposit (CDs): How They Work

Business Certificates of Deposit (CDs): How They Work

Learn about business certificates of deposit (CDs) and how they work to...

Can You Transfer an IRA CD to Another Bank?

Learn about the rules that apply when you transfer an IRA CD another bank. Find out if there are any fees and penalties involved and how you can transfer retirement savings smoothly without any trouble, including paying taxes and withdrawal...

Thomas (TJ) Porter

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.

Should You Keep Your Emergency Fund in a CD?

Thomas (TJ) Porter

Should You Keep Your Emergency Fund in a CD?

An emergency fund is supposed to be money that you've set aside...

Putting Your Money in a Callable CD: How Wise Is It?

Putting Your Money in a Callable CD: How Wise Is It?

Learn what is a callable CD is and how it works. Callable...

What is a CD Ladder and How to Use It to Maximize Yields

Learn how laddering your CD portfolio is a good way of taking advantage of the highest CD rates.