It's often a better deal for consumers to pick a long-term certificate of deposit and pay an early withdrawal penalty than ...

Certificates of deposit, like many other investment products, have evolved and become more complicated. For example, CDs no longer are available only through banks; brokerage firms may offer CDs.

Lisa Goetz is a finance content writer for Investopedia. She typically covers insurance, real estate, budgets and credit, and banking and taxes. Ebony Howard is a certified public accountant and a ...

Short-term, 6-month certificate of deposit yields are down 29 basis points in the past year to an average of just 1.51% APY, according to the latest government data. But banks and credit unions ...

Unlike a traditional savings account that lets you access funds at any time, certificates of deposit (CDs) require you to lock in your money for a predetermined period from a few months to several ...

If you’re weighing the pros and cons of a certificate of deposit, you’re not alone. While CDs aren’t as common as savings accounts or mutual funds, they’re worth considering based on your investment ...

You may be leaving money on the table when it comes to certificates of deposit, some research suggests. Stream NBC 5 for free, 24/7, wherever you are. CDs have a set term, ranging from a few months to ...