For example, the popular step-up CD option from U.S. Bank comes in a 28-month term and offers three incremental rate increases—one for every seven months that pass from when the CD is purchased.

A certificate of deposit is a type of savings account that typically offers a fixed interest rate and a higher rate of return than a traditional savings account. Your access to the funds will be ...

Concord, New Hampshire-based Walden Mutual Bank is finding out. The financial institution is offering a 100-year Local Impact Certificate of Deposit paying a fixed 4.75% annual interest rate.

Here’s a closer look at how to open a CD. 1. Find the right CD The biggest upside of a certificate of deposit is that your money will grow steadily at a guaranteed rate.

John Furlong signed up for a certificate of deposit last year that paid 3.85%. When he checked his account in February, he was surprised to find the bank was only paying him 0.05%. The 62-year-old ...

Each specific bank—and specific CD product—has its own minimum initial deposit. At many banks, the minimum deposit for a CD ranges from $500 to $2,500, though with jumbo CDs the initial ...

Depending on the bank or organization you use, you might be required to open a checking account before getting a certificate of deposit. However, opening a fee-based account can bring down your ...

Certificates of deposit (CDs) let you lock in a fixed interest rate for a set period of time that typically spans from a few months to five years or longer. However, the CD rates banks and credit ...