The best short-term CD rates can help you reach your savings goals faster Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance editor for Buy Side.

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A jumbo CD is the same as a standard CD, except that it pays a higher APY in exchange for a significantly larger opening deposit, typically around $100,000. Like standard CDs, jumbo CDs offer fixed ...

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APY APY stands for Annual Percentage Yield, which is the actual rate of return per year, including compound interest. The APY is typically the rate you'll see featured for the CD you're considering.