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A bump-up CD — also called a “raise your rate” CD — builds in the ability for you to request a one-time rate increase if CD rates go up during your lock-in term. Longer term CD accounts ...
You deposit a lump sum of money for a set CD term length, like 11 months or a year. Your money earns interest at a rate that’s typically higher than high-yield savings accounts but slightly ...
A CD ladder gives you more frequent access to your money, which means more flexibility. So you may find that it's a good option that allows you to stay on track without causing you undue stress.
If you don't have a long time horizon, then a CD is a better option than opening a brokerage account and investing your money. But do remember that CDs aren't paying so much more than what savings ...
A CD ladder is a savings strategy designed to spread out your money across multiple CDs to leverage high rates without tying up your full investment into one long-term CD.
When choosing between a CD and a savings account, keep in mind the best place for money you may need for emergencies or living expenses is often a liquid high-yield savings account.
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A certificate of deposit rollover is the process of transferring money from an existing CD into a new one as soon as it matures. It's a way to reinvest the principal and/or interest for a new...