CDs are a low-risk investment option that allows your money to grow at a fixed interest rate over a specific period. If ...

Discover how annual percentage yield (APY) impacts your CD investments and learn to compare rates for maximizing returns, with tips on calculating and understanding APY.

On this week’s Money Matters Monday, we tackle a financial topic that often gets overlooked: Certificates of Deposit, or CDs. A viewer, Jan, sent in a question asking: “If I do a six-month CD at 4.3% ...

If you have a savings account, you might want to know how much you’ll earn in interest for parking your cash there. Fortunately, calculating interest on a savings account is not as tough as you might ...

A certificate of deposit can give you some much-needed security in an economy that feels anything but certain. Your CD rate is fixed when you open the account, so your returns are guaranteed for the ...

At a time when we’re all looking for ways to make our savings work harder, understanding interest rates and the concept of compounding has never been more important. Here’s a quick overview of how ...

Learn what the stated annual interest rate is and how to calculate it without compounding, plus how it compares to the ...