A certificate of deposit is a type of savings account that earns interest for a set time frame, known as a term. The term is the length of time you agree to leave your money deposited in the CD. Read ...

Many savers forget to act when their certificate of deposit (CD) reaches maturity. This can lead to an automatic renewal with a lower interest rate and another lock-in period. Experts say checking ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. You’re familiar with ...

Thanks to inflation and a higher federal funds rate, certificate of deposit (CD) interest rates have increased exponentially in recent years. CD interest rates barely broke 1% a few years ago. By ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Adam Palasciano is a writer over three years of experience writing about personal ...