Tools
APY Calculator: Convert an Interest Rate to APY and Back
APY includes the effect of compounding, so it is the number to compare savings accounts and CDs by. Convert a rate to APY or an APY back to a rate and see what your deposit earns.
CDs
Certificates of deposit lock in a fixed rate for a set term. These guides help you choose the term, compare rates and build a ladder.
5 guides about “CDs”.
Fixed-Term Deposits
No-Penalty CDs: How They Work and When They Make Sense
A no-penalty CD locks in a fixed rate but lets you withdraw your money early without a fee, usually after the first week. Here is what you give up for that flexibility.
Fixed-Term Deposits
CD vs. High-Yield Savings Account: Which Is Better?
A CD locks in a rate for a fixed term; a high-yield savings account keeps your money available at a variable rate. Here is how to decide, with examples for falling and rising rates.
Fixed-Term Deposits
CD Ladder Strategy: How to Build a CD Ladder
A CD ladder splits your savings across CDs that mature at different times, so part of the money is always close to being available while the rest earns longer-term rates.
Tools
CD Calculator: How Much Interest Will Your CD Earn?
Calculate what a CD earns by maturity, convert an interest rate into APY, estimate the early withdrawal penalty and compare competitive CD rates with the national average.