But, a certificate of deposit (CD) can help. That's because today's leading accounts come with higher returns than the current inflation rate. However, strong current returns aren't the only ...

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While Chase offers a wide variety of terms on its CDs, its rates, which are as high as 4% for a two-month CD, are competitive if you are a customer, but otherwise very low. Here’s an overview ...

With three back-to-back Fed rate cuts behind us last year and two more expected in 2025, CD rates have been gradually declining. But you haven't missed your chance to lock in solid returns.

Commissions do not affect our editors' opinions or evaluations. After climbing for the past couple of years, CD rates have been slowly declining in 2024. CD rates tend to track the federal funds rate.

You might want to open a 6-month CD if you're looking for a way to lock in a high interest rate for half a year. According to the FDIC, the national average CD rate on a 6-month term is 1.63% APY ...

If you're planning to put $100,000 or more into a CD, a jumbo CD might be a good choice. But keep in mind that some regular CDs pay even higher rates than jumbo CDs, so make sure to shop around ...

Mandy is a personal finance contributor to Newsweek’s personal finance team. She started out as a licensed insurance agent in 2005 and began her freelance writing career in 2018. Mandy uses her ...

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 ...

Kristy is a freelance contributor to Newsweek’s personal finance team. As an editor, Kristy has worked with sites like Bankrate, JPMorgan Chase and NextAdvisor to craft and hone content on ...