Discover how CDs work, offering secure savings with fixed interest rates. Learn about terms, early withdrawal penalties, and how they compare to other accounts.

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.

A certificate of deposit is a type of savings account that earns interest for a set time frame, known as a term. The term is the length of time you agree to leave your money deposited in the CD. Read ...

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.

On the surface, locking your money away for two years may not seem like the best financial decision. Not only will you lose access to funding that you may need in an emergency, but you'll also lose ...

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Kelly is a former editor for CNET Money covering banking. She has over 10 years of experience in personal finance and previously wrote for CBS MoneyWatch covering banking, investing, insurance and ...