For instance, a six-month CD from Ally has an early withdrawal penalty of 60 days’ interest. If you haven’t earned enough interest to cover the fee, you’ll have to cough up a portion of your ...

Learn More: Money Market Accounts or CDs: Which Investment Is Better? Fixed-Rate Certificate of Deposit (CD) A fixed rate certificate of deposit is a CD that has a set or fixed interest rate that ...

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.