Saving

A jumbo CD is a certificate of deposit with a large balance. That is the whole definition, because there is no other one: no statute or regulation defines "jumbo", no threshold triggers any …

Continue Reading about Jumbo CD Rates: The Premium Is Smaller Than It Looks →

Credit unions are the part of the certificate market the comparison sites cover least, and the reason is structural rather than editorial. There are thousands of them, most serve a restricted …

Continue Reading about Credit Union CD Rates: The Membership Question, Answered →

The one-year certificate is the reference product. It is the term every rate table leads with, the term most people mean when they say "a CD", and the term at which the question what am I …

Continue Reading about 1-Year CD Rates, and What You Give Up for the Lock →

The six-month certificate is the most-shopped CD term and the least understood one, because it is the term where the competition is not another bank. At six months, the honest comparison is with the …

Continue Reading about 6-Month CD Rates: What the Short End Is Really Paying →

A no-penalty CD is a certificate of deposit you can leave early without paying anything. That sounds like a certificate with the bad part removed, and the marketing leans on exactly that. It is more …

Continue Reading about No-Penalty CDs: What You Actually Give Up for the Exit →

The early-withdrawal penalty is the clause that decides what a certificate of deposit actually earns you, and it is the clause almost nobody prices before signing. Rates differ between banks by tenths …

Continue Reading about CD Early Withdrawal Penalties, Priced Properly →