The promotional 6- month CD delivers a competitive 4.04% APY to new customers at Ocean Bank. That said, customers in Boca Raton, Fla., specifically, are eligible for its highest available 4.80% APY ...

IRA certificates of deposit can be tax deductible — but only if you meet specific income requirements and don’t have certain ...

At 4.50% APY, the highest 2-year rate this month goes to Kinetic Credit Union. There is a low $500 required and additional ...

Both accounts come with high interest rates right now. But which will earn more interest with a $20,000 deposit?

What Is a Certificate of Deposit? A certificate of deposit is a safe, income-generating investment, as the funds are insured by the Federal Deposit Insurance Corp. up to $250,000.

If you have a purchase looming on the horizon, it’s time to take advantage of a hot new offer from Discover. The bank has ...

What Is a Certificate of Deposit? originally appeared on usnews.com Update 03/06/25: This story was previously published at an earlier date and has been updated with new information.

Initial deposit The “initial deposit” is the amount you agree to put into your CD at opening. CIT Bank, for instance, has a $1,000 minimum deposit for most of its CDs.

How a Certificate of Deposit (CD) Works A CD is a financial product that lets you deposit a lump sum for a specified period. During this time, you earn interest at a fixed rate, which equates to ...

Opening a certificate of deposit (CD) has never been easier. You can do it online, from the comfort of your own home. Here’s what you need to know.