If you have some cash you can set aside for a specific period, a certificate of deposit can help you grow it. Unlike savings accounts, which have variable rates, a CD has a fixed rate that's locked in ...

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*Lynda Moore is a Money Mentalist coach and New Zealand’s only certified New Money Story® mentor. Lynda helps you understand why you do the things you do with your money, when we all know we should ...

Once you’ve opened the account, buying GICs is pretty simple ... $1,250 in interest every year. So at the end of year two, the interest payout will total $2,500. With compound interest, the ...

While ordinary savings accounts are useful for keeping cash available, high-interest savings accounts—meaning those with interest rates of 2.50% and higher—can help you grow your savings.

An illustration of a magnifying glass. An illustration of a magnifying glass.