A CD account can be a great place to store money you don't need right away, as long as you avoid these mistakes.

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.

Learn how to open a Certificate of Deposit (CD) in easy steps. Compare providers, choose your CD type, submit an application, ...

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.

The best short-term CD rates can help you reach your savings goals faster.

With Federal Reserve rates remaining mostly stable until recent months, savers largely reaped the benefits of high returns on their money, including with certificates of deposit (CD) accounts. While ...

It appears that, much the recent return to vinyl records, many music fans are fueling a resurgence of interest in CDs. How, ...

Despite being a generation born into technology, Gen Alpha isn’t always intuitive about how to use older forms of technology. And just like home videos from the 90s reveal how much life has changed, ...

Today's highest CD rate is 4.94% for a jumbo 6-month CD. CD rates from online banks are commonly twice as high as the ...

Solid CD rates allow retirees to secure a reliable income with a CD ladder strategy. Retirees need to balance lower-returning CDs with stocks and other investments. Building a CD ladder involves using ...

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A certificate of deposit (CD) is a bank-offered account that locks your money in at a fixed rate for a preset period of time. The account pays interest periodically for the duration of the CD, but ...