Certificate of Deposit (CD) Account FAQs

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). Both offer higher interest rates than typical savings accounts, but they also require that you not withdraw the money for a certain period of time or you'll have to pay an early withdrawal penalty. Should You Keep Your Emergency Fund in a CD? Photo of Thomas (TJ) Porter Thomas (TJ) Porter Should You Keep Your Emergency Fund in a CD? One of your first priorities financially should be to build an emergency fund. An...

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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? 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 penalties. 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 Photo of Paul Sisolak Paul Sisolak How to Use CDs to Save for a Home Down Payment Buying a house is one of the biggest -- if not the biggest -- milestones in life.... 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 Wells Fargo refused to honor a widow's certificate of deposit (CD), so she had to bring the case to court. See what steps to take when a CD owner dies. When Should You Open a CD Account Photo of Anne Dullaghan Anne Dullaghan When Should You Open a CD Account You’ve done everything the financial experts recommend -- saving three to six...