A certificate of deposit (CD) is a type of savings account offered by banks and credit unions. You deposit your principal into an account for a predetermined period of time, and receive a fixed ...

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.

Auto-renewing a CD is convenient, but it may be a good idea to compare rates and consider alternative options.

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The days of earning 5% or more on nearly risk-free certificates of deposit (CDs) are coming to an end, but for some, they could be ending even sooner than expected as banks and other financial ...

A CD is basically a time-locked savings account. You park your money for a set period — could be six months, could be five ...

High interest rates, while presenting a challenge for anyone looking to borrow, bring opportunities for investors and savers seeking better returns on their cash. Consumers currently can put their ...

CD ladders use different maturities to maintain access to funds at regular intervals while guaranteeing a return. Short-term CD ladders are often used as part of an emergency fund strategy. Long-term ...

These days, it has become very easy to watch your favorite movies and listen to top songs anytime, anywhere you want. There are music streaming platforms like Spotify where you can listen to your ...

If you want to save money and earn interest, you might be comparing your options — especially when it comes to money market vs. CD accounts. A money market account offers more liquidity and is ideal ...

The Federal Reserve meet on December 17-18 to determine if they need to cut rates for a third time this year. They previously met in November, where they cut rates by 25 basis points, or 0.25%. In a ...