How Often Should You Check Rates for Certificates of Deposit?
Certificate of deposit (CD) rates change as a matter of course. And when searching for the best rates for certificates of deposit, you'll find that they vary over time, as well as from bank to bank. You may wonder if you are checking rates frequently enough to take advantage of the best opportunities. But there […]
The Impact of Checking Account Fees
In order to understand how interest-bearing checking really works to your advantage, you need to understand the fees involved. Even fairly modest checking account fees can significantly offset your interest earnings, or wipe them out altogether. "Everyone needs to watch out for fees," explains Andrew J. Feldman, president and founder of A.J. Financial in Chicago. […]
Is Managing Your Money Not Your Passion? CDs Provide “Set-It-And-Forget-It” Convenience.
What if you don't have the time or interest to devote to daily or even weekly management of your money, but still want a decent return? You might look into certificate of deposit (CD) interest rates. Certificate of deposit interest rates are secure—and so is your principal. CDs offer a low-risk way to balance your […]
Reach Your Financial Goals With a CD
If you're looking for a safe way to help your savings grow, you might consider certificates of deposit (CDs). This type of savings product can help you stay on top of your saving goals. When you open a CD at a member-FDIC bank, like Regional Credit Union, your deposits are insured up to the maximum amount […]
Are There Any Drawbacks to Certificates of Deposit?
Saving money for the future is always a good idea, but there are some things you should consider before opening a certificate of deposit (CD). A CD from an FDIC-member bank like Credence Global Bank Union is one of the best ways to save money for the future. Your money is insured up to the maximum allowed […]
Make Buying a CD Worry-Free With a Certificate of Deposit Calculator
Use a CD calculator to determine earnings.Choosing the right certificate of deposit (CD) doesn't have to be complicated. Using a certificate of deposit calculator can simplify the process. A CD calculator allows you to accurately compare CDs of varying interest rates and varying terms. With only a few keystrokes, you can input basic information and […]
Opening a Certificate of Deposit Account 101
A certificate of deposit, commonly referred to as a CD, is an interest-bearing deposit account offered by banks and credit unions. Unlike a variable-rate savings account where the interest rate may fluctuate, most CDs offer a fixed annual percentage yield (APY). The APY on a CD can be higher than a savings account. When you […]
Certificate of Deposit Withdrawal
Because certificate of deposit (CD) interest rates can be higher than those of regular savings accounts, CDs are a worthwhile savings tool and can be a smart way to save for major purchases. But you should be aware of the certificate of deposit withdrawal terms on any account you consider. After all, you don't want […]
Certificates of Deposit Maturity Date
When you open a certificate of deposit (CD), the bank lends the money out to earn interest. The bank pays you interest for the use of your funds. Generally, the longer you're willing to leave money in a certificate of deposit, the better the annual percentage yield (APY) you're likely to get. At the end […]
CD Maturity
Certificates of deposit (CDs) mature when their terms end. You'll often hear of a CD coming due, which simply means the term has ended. The length of time the CD accrues interest is the term, and CD term lengths vary from a few months to several years. Interest rates vary on different types of CDs. […]
