I’m a banking reporter who covers CD rates daily. Here are 5 things to know about CDs right now
Now is still a good time to consider CDs for your portfolio. Here are five reasons.
5 min read
Sep 09, 2024
Karen Bennett
Senior consumer banking reporter
EXPERTISE
- Banking
- Personal finance
- Credit cards
EDUCATION
- Bachelor’s degree in English, University of Illinois
- Master’s degree in journalism, Columbia College Chicago
Karen Bennett is a senior consumer banking reporter at Bankrate. She uses her finance writing background to help readers learn more about savings and checking accounts, CDs, and other financial matters.
Karen brings decades of writing and reporting experience to the table, including the roles of credit cards writer for travel website Million Mile Secrets and money and career writer for The Cheat Sheet. Her work has also appeared in USA Today, Illinois Legal Times, and several Chicago, Milwaukee, and Washington, D.C. newspapers. In addition, she’s worked in the areas of marketing and business development, and she was product manager for a consumer money-saving website.
When she’s not writing Bankrate articles, she can often be found cheering her kids on at soccer games, cooking and reading up on saving for retirement and other personal finance topics.
Karen's latest articles
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6 ways to deposit cash into someone else’s account
Depositing cash into someone’s account isn’t always possible, but there are options.
4 min read Sep 03, 2024 -
Is a Grey Gap Year in your future? 5 ways to afford a midlife year off
Make your mid-career break a success with these five ways to save for a year off.
4 min read Aug 29, 2024 -
Book Review: ‘The Psychology of Money,’ by Morgan Housel
Here’s why we think “The Psychology of Money” is a worthwhile read.
4 min read Aug 28, 2024 -
10 saving and investing tips for all ages
No matter your age, these tips can help you improve your financial situation.
6 min read Aug 27, 2024 -
Here’s how much $100,000 in a CD could earn you in 1 year
A one-year CD can be a safe and worthwhile option, especially turning to high-yielding online banks or credit unions.
4 min read Aug 27, 2024 -
Does closing a bank account hurt your credit?
Closing a savings or checking account that’s in good standing won’t hurt your credit in any way.
3 min read Aug 26, 2024 -
Here’s how much $100,000 in a high-yield savings account could earn you in a year
Here’s how much $100,000 in a high-yield savings account can earn you.
3 min read Aug 26, 2024
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What is the average interest rate for savings accounts?
Comparing savings rates can ensure you get the best return on your savings.
3 min read Nov 21, 2024 -
What to do if a bank rejects you for a checking account
Your banking past has come back to haunt you. Here’s how to ask for a second chance.
3 min read May 02, 2024 -
APY vs. interest rate: What’s the difference and why it matters
Here’s the difference between APY and interest rate.
4 min read Aug 31, 2023 -
What is a SWIFT code?
You’ll need a SWIFT code for international wire transfers. Here’s how to find one.
2 min read Aug 14, 2023 -
How to join a credit union: Here’s what to do to become a member
Here’s what you need to do to become a credit union member.
3 min read Jul 18, 2023 -
6 ways to manage finances with multiple income streams
These strategies will help you manage multiple income streams.
4 min read Jul 18, 2023 -
Saving money from your summer job: Top tips for students
These tips can help students maximize savings from their summer job earnings.
3 min read Jul 17, 2023 -
5 tips to make sure revenge spending doesn’t wreck your wallet
As you look ahead to opening your wallet again, consider these key tips for avoiding revenge spending.
4 min read Jul 12, 2023