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

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.

8 Things to Know Before Opening a Certificate of Deposit U.S. News & World Report September 3, 2024, 8:00 PM ...

Traditional CDs: require you to deposit funds for a set term in exchange for a fixed APY Jumbo CDs: requires a larger opening deposit – often $100,000 or more – and usually comes with higher APYs ...

CDs aren't an exciting investment. That's what makes them awesome. We've all had enough economic excitement this year. From ...

Getty Images If you've been considering opening a certificate of deposit (CD), you might be wondering if now is the best time to act — or if waiting until May could lead to better opportunities.

A certificate of deposit is a type of savings account that earns interest for a set time frame, known as a term. The term is the length of time you agree to leave your money deposited in the CD.

Minimum opening deposit: Some banks don’t require any set minimum deposit when you open your CD, while others may require amounts such as $500, $2,500 or more.

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.

Use a $10,000 deposit for an example. With a 6-month CD at a 4.61% rate you'll earn $230 but with a 3-year CD at 4.25% you'll earn $1,330 — that's more than $1,000 more, even with a lower rate.