The Federal Reserve has been consistently lowering interest rates over the last year, making a certificate of deposit (CD) account a less appealing prospect than it was in 2023 and 2024 when interest ...

Mekado Murphy, the assistant film editor for The New York Times, moonlights as the newspaper’s unofficial roller coaster correspondent. By Sarah Bahr A prospectus in 1851 announced the arrival of a ...

Lauren Graves is an educator-turned-editor specializing in personal finance content. She seeks to make complicated topics easier to understand and less intimidating to the average reader with accurate ...

A brokered CD is bought through a brokerage firm rather than a bank. It offers most of the benefits of a traditional CD, plus longer terms and higher interest earnings. At the same time, brokered CDs ...

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 ...

-0.40 percentage point (40 basis points). See methodology details Medians, or midpoints, consist of APYs of CDs or share certificates collected from the websites of the following 21 financial ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Chase offers flexible terms but low APYs on its certificates of deposit Rebecca ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Got a large amount of money to deposit? A jumbo CD might be for you. Today's best ...

Spencer Tierney is a consumer banking writer at NerdWallet. He has covered personal finance since 2013, with a focus on certificates of deposit and other banking-related topics. His work has been ...