The Federal Reserve maintained interest rates last month. CD rates are influenced by the Fed's decision. Since the Fed didn't cut rates, it's likely CD rates will hold steady in February.

Commissions do not affect our editors' opinions or evaluations. After climbing for the past couple of years, CD rates have been slowly declining in 2024. CD rates tend to track the federal funds rate.

But, a certificate of deposit (CD) can help. That's because today's leading accounts come with higher returns than the current inflation rate. However, strong current returns aren't the only ...

Interest is compounded daily and is credited monthly. You can withdraw interest earned at any time during your CD term without penalty. CDs automatically renew at maturity. Synchrony customers ...

Business Insider's personal finance team monitors the best banks and credit unions each day to help you open the right 5-year CD for you. The best 5-year CD rates far outpace the national average ...

Banks may offer promotional CD rates as their most competitive yields, but they aren't generally for the most common CD terms. Many, or all, of the products featured on this page are from our ...

Regarding Gerard Baker’s “Lessons From My Father’s Long, Good Life” (Free Expression, Jan. 28): The most significant lesson seems to have gone unwritten. Aside from a note about military ...

Synchrony Bank offers a completely online application process for opening any CD. When opening a bank account you will need your physical address, email address, employer and occupation.

Most CD options require a single deposit and don’t allow additional deposits, so you’ll need to gather your funds before opening an account. When you’re ready to open a CD, compare the best ...

A certificate of deposit, or CD, lets you lock in an interest rate for a fixed amount of time. This guaranteed rate can provide you with a sense of security, but the flip side of that coin is that ...

A no-penalty certificate of deposit is a type of CD that charges no fee for withdrawing money before the term expires. It offers more flexibility than other CDs. Strict editorial guidelines to ...

Gerry was born in 1930 in Winchester, VA, the daughter of the late Harry and Mary Ellen McCarty. She was a graduate of Stonewall High School, Class of 1948, where she was also a member of ...