Find out why letting CDs auto-renew, withdrawing cash to a low-yield account, and paying early-withdrawal penalties could ...

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.

Anyone with money in the bank, listen up: The Federal Reserve recently announced its first rate cut in nine months, and it has projected a drop in interest rates through 2027 and beyond. That means ...

In the current environment, certificates of deposit (CDs) continue to offer competitive interest rates. Some traditional CD accounts and jumbo CD accounts offer an attractive annual percentage yield ...

I'm skipping CDs in September 2025, even with 4.00% APYs. Here's why a high-yield savings account and stock market investing fit my plan better.