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 ...

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.

CDs traditionally lack liquidity, which can be a huge drawback. If you're afraid of being stuck paying early withdrawal penalties in case of an emergency, no-penalty CDs can help you avoid that risk.

Browse Investopedia’s expert-written library to learn more. CDs, along with other types of deposit products, do not build credit. Only borrowing money through some type of loan from a ...

Interest is compounded daily and credited to your account monthly. If you take money out of your CD during the agreed-upon term, before its maturity date, you’ll be charged a penalty for early ...

Monk fruit is a healthier alternative to sugar or artificial sweeteners. Although research is limited, evidence suggests that monk fruit may have health benefits. It contains antioxidants, is safe for ...