If not, it's losing buying power. But a certificate of deposit (CD) can help. That's because many of today's leading CDs offer returns that are well ahead of the current inflation rate.

Today’s savers enjoy some of the best CD rates of the last two decades. Though interest rates vary widely by bank, the top-paying accounts offer APYs of 5% or more — significantly more than ...

Please view our full advertiser disclosure policy. If you’ve got at least six figures for your jumbo CD, you can take advantage of the competitive jumbo CD rates on one of its five terms (six ...

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 ...

Here’s where rates currently stand. Synchrony also has two specialty CDs: a one-time bump-up CD and no-penalty CD. This bank’s bump-up CD lets you request a rate adjustment one time during ...

See how we rate banking products to write unbiased product reviews. Synchrony Bank pays some of the best CD rates for people who don't have much money to open an account. It's also a good choice ...

After steady increases over the past couple of years, it appears CD rates have leveled off, too. And while they aren’t going down, forecasters say savers should keep their expectations in check.

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 ...

They can be purchased as newly issued CDs or resold on the secondary market. Unlike with a bank CD, you can’t simply redeem a brokered CD early if you no longer want it. You must find a buyer.

Now is an excellent time to invest in a certificate of deposit (CD) because rates are high and may drop in 2024, thanks to a series of interest rate cuts that the Federal Reserve signaled in its ...