A $10,000 CD account could still be worth opening this August. Here's what savers should be considering right now.

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.

When your certificate of deposit reaches its maturity date, you face a decision: You can renew the CD, withdraw your funds or explore other investment options. Most banks will automatically renew your ...

Certificates of deposit can be a great way to earn interest and keep your money safe and secure. There are benefits to both short- and long-term CDs, so make sure you weigh your situation before ...

A certificate of deposit (CD) is a low-risk deposit account that earns a fixed rate of return. In exchange for this guaranteed yield, you agree to lock up your money until the CD’s term expires.

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.

But how much interest can you earn by putting $10,000 in a high-yield savings account? With some of the top high-yield savings accounts paying around a 4% annual percentage yield, you could earn ...

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.

The amount varies between financial institutions and CD products. Generally, minimum deposit requirements for CDs range from $500 to $2,500, but some may require a larger deposit.

With so many options, you can find a CD with an opening deposit requirement that suits your budget and goals. In general, expect to have at least $1,000 on hand to open a CD with a competitive rate.