Banking
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How to open a certificate of deposit (CD)
Banking
Everything you need to know about opening an account.
![Woman sitting outside of restaurant looking at cell phone](https://www.bankrate.com/2022/02/15095640/How-to-save-money-from-scratch.jpg?auto=webp&optimize=high&crop=16:9&width=320)
How to start saving (even if you’re starting from scratch)
Banking
Getting into the habit of paying yourself first is hard. Here are some ideas to help you start.
![Two millenial friends using mobile phone.](https://www.bankrate.com/brp/2023/11/20014206/How-to-transfer-money-from-one-bank-to-another.jpg?auto=webp&optimize=high&crop=16:9&width=320)
How to transfer money from one bank to another: 4 ways
Banking
Keep fees in check when you shift money from one bank account to another.
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Our expert reporters and editors bring the news and analysis you need—backed by data and firsthand experience.
About Bankrate![Greg McBride](https://www.bankrate.com/f/102997/284x296/e82ff353b1/br-expert-greg.png?auto=webp&optimize=high)
Chief Financial Analyst
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Senior Economic Analyst
Banking data studies
![Money next to flashing sirens](https://www.bankrate.com/2023/02/15173759/Banking-Emergency-Savings-Survey.jpg?auto=webp&optimize=high&crop=16:9&width=320)
If you’re struggling to pay off debt and build savings, you’re not alone.
![Piggy bank with doctors equipment. Cute and comical](https://www.bankrate.com/brp/2024/07/12173049/Banking_FHE_Why_Im_scheduling_a_mid_year_financial_checkup_with_myself_and_how_Im_doing_it.jpg?auto=webp&optimize=high&crop=16:9&width=320)
I’m a personal finance reporter — here’s how I did a mid-year financial checkup in under an hour
Banking
A mid-year checkup is the most effective way to ensure my finances are on track.
![And elderly couple discussing HYSA options](https://www.bankrate.com/2024/03/13131722/Deposits_March_FSP_High_yield_Savings.jpg?auto=webp&optimize=high&crop=16:9&width=320)
Two-thirds of American savers say they’re earning rates below 4% APY. Here’s why.
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Walk away with stacks of cash just for opening a checking or savings account.
![Aerial view of a group of residential boat docks from homes along the Halifax River in Ormond Beach, Florida near Daytona](https://www.bankrate.com/brp/2024/09/05151457/Best-banks-if-you-live-in-Florida.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Managing your finances and choosing the right bank can be daunting, especially in a state as big and diverse as Florida.
![Stacks of money lined up against a colorful red background](https://www.bankrate.com/brp/2024/09/03173142/Matt-opens-a-CD.jpg?auto=webp&optimize=high&crop=1:1&width=356)
I’ve been in financial services for nearly 14 years and have helped customers with the most common deposit products, but this month was the first time I opened a certificate of deposit (CD) for myse [...]
![Person Putting Coin In Piggy Bank At Table](https://www.bankrate.com/brp/2024/09/03153500/LendingClub-new-hysa.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Savers can still earn yields on deposit accounts that are outpacing inflation, even as some yields have decreased recently as banks anticipate a likely Federal Reserve rate cut in September. One such option [...]
![Woman online banking with a tablet](https://www.bankrate.com/2019/06/13123811/Hoe-regulation-D-limits-your-savings-accounts-withdrawls.jpg?auto=webp&optimize=high&crop=1:1&width=356)
How Reg. D impacts your savings account and why it pays to check with your bank.
![Young couple paying bills online](https://www.bankrate.com/brp/2022/06/03125555/Deposits-Online-Bill-Pay-What-is-it-and-why-its-a-good-idea.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Online bill pay can add convenience and security to managing your routine bills.
![Cash in gloved hand](https://www.bankrate.com/brp/2023/12/03124142/Deposits_6_ways_to_deposit_cash_into_someone_elses_account.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Depositing cash into someone’s account isn’t always possible, but there are options.
![white-collar woman looks tired in the office](https://www.bankrate.com/brp/2024/08/30170114/Are-we-in-a-recession.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Despite strong economic indicators, many Americans are experiencing a “vibecession.”
![Person Putting Coin In Piggy Bank At Table](https://www.bankrate.com/brp/2024/09/03153500/LendingClub-new-hysa.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Savers can still earn yields on deposit accounts that are outpacing inflation, even as some yields have decreased recently as banks anticipate a likely Federal Reserve rate cut in September. One such option [...]
![Woman online banking with a tablet](https://www.bankrate.com/2019/06/13123811/Hoe-regulation-D-limits-your-savings-accounts-withdrawls.jpg?auto=webp&optimize=high&crop=1:1&width=356)
How Reg. D impacts your savings account and why it pays to check with your bank.
![Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank](https://www.bankrate.com/2023/08/05141131/What-is-the-average-interest-rate-for-savings-accounts_.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Comparing savings rates can ensure you get the best return on your savings.
![Financial manager meeting with couple in bank branch office](https://www.bankrate.com/brp/2024/05/31124754/Deposits-Average-money-market-account-interest-rate.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Get the latest rates on top-yielding money market accounts.
![woman managing personal banking and finance at home](https://www.bankrate.com/brp/2024/08/29165101/How-to-change-up-your-savings-strategy-as-a-freelancer.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Working as a freelancer requires a new approach to saving money. Here’s how.
![man working on his laptop outdoors](https://www.bankrate.com/2022/05/04174008/10-saving-and-investing-tips-for-all-ages.jpg?auto=webp&optimize=high&crop=1:1&width=356)
No matter your age, these tips can help you improve your financial situation.
![Young person writing on a notepad](https://www.bankrate.com/2022/03/06112644/Deposits_The-millennials-guide-to-saving-up-to-move-out.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Whether you hope to buy a home or just rent for a while, a solid savings plan is the key to finally moving out of your parents’ house.
![Someone watering a plant that grows cash](https://www.bankrate.com/2023/07/11163135/Deposits-Heres-how-much-100k-in-a-HYSA-could-earn-you-in-a-1-year.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Here’s how much $100,000 in a high-yield savings account can earn you.
![IRS building](https://www.bankrate.com/2020/07/10170143/paying-tax-on-cd-interest.jpeg?auto=webp&optimize=high&crop=1:1&width=356)
Taxes on CD interest aren’t always clear-cut. Here’s what you need to know.
![man working on tax forms with calculator](https://www.bankrate.com/2022/03/24101139/Is-an-IRA-CD-tax-deductible.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Looking to score more tax deductions? IRA CDs might be for you.
![stacks of coin with dollar bill](https://www.bankrate.com/2022/01/28141340/CD-ladder-what-is-it-and-how-to-build-one.jpg?auto=webp&optimize=high&crop=1:1&width=356)
A CD ladder lets savers benefit from higher rates without locking up all your money in long-term CDs.
![Middle aged woman on laptop](https://www.bankrate.com/2021/10/07144259/How-to-open-a-certificate-of-deposit.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Everything you need to know about opening an account.
![Coworkers discussing project and having work meeting](https://www.bankrate.com/2022/11/06122844/CDs-vs.-share-certificates-Whats-the-difference.jpeg?auto=webp&optimize=high&crop=1:1&width=356)
Here are differences between CDs and share certificates, and which one to choose.
![woman on couch using laptop computer](https://www.bankrate.com/2022/03/29151733/Are-CDs-safe.jpg?auto=webp&optimize=high&crop=1:1&width=356)
All CDs have one thing in common: They’re among the safest places to park your cash.
![CD rates forecast for 2024](https://www.bankrate.com/2024/01/02081152/Central-cd-rate-forecast.jpg?auto=webp&optimize=high&crop=1:1&width=356)
You can find a CD account that significantly out-earns the national average if you shop around among banks.
![A woman researches online.](https://www.bankrate.com/2019/12/09180108/what-is-a-zero-coupon-cd1.jpeg?auto=webp&optimize=high&crop=1:1&width=356)
Here’s everything you need to know about zero-coupon CDs.
![Woman online banking with a tablet](https://www.bankrate.com/2019/06/13123811/Hoe-regulation-D-limits-your-savings-accounts-withdrawls.jpg?auto=webp&optimize=high&crop=1:1&width=356)
How Reg. D impacts your savings account and why it pays to check with your bank.
![A guide to mutual funds](https://www.bankrate.com/2021/06/28114842/GettyImages-1325420913.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Not sure how to get started investing with mutual funds? We’ll help you understand the basics.
![Man working on laptop and drinking coffee](https://www.bankrate.com/2023/05/01122348/GettyImages-1364881817.jpeg?auto=webp&optimize=high&crop=1:1&width=356)
Money market funds are available from several different brokers and fund managers.
![Ally Bank logo](https://www.bankrate.com/2024/04/07120151/Deposits-Ally-money-market-account-rates-3.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Ally’s money market account offers a high APY, no minimum deposit or monthly fee.
![Best compound interest investments](https://www.bankrate.com/2022/04/05140817/GettyImages-665950548.jpg?auto=webp&optimize=high&crop=1:1&width=356)
The name of the game with compound interest is time — the more of it you have, the bigger the payoff.
![Woman smiling at cash on a cloud](https://live-bankrate-press.pantheonsite.io/app/uploads/2024/02/Investments_What_is_a_money_market_fund.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Lay away cash for an emergency or short-term goals with a money market mutual fund.
![woman at ATM](https://www.bankrate.com/2022/01/03120505/Untitled-15.jpeg?auto=webp&optimize=high&crop=1:1&width=356)
Our picks provide customers with almost everything they need to bank in the branch, at home or on the road.
![Savings account and money market rate forecast](https://www.bankrate.com/2024/01/01230300/Central-savings-money-market-account-rate-forecast.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Expect savings and money market account yields to slide lower, but they still should outpace inflation
![Young couple paying bills online](https://www.bankrate.com/brp/2022/06/03125555/Deposits-Online-Bill-Pay-What-is-it-and-why-its-a-good-idea.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Online bill pay can add convenience and security to managing your routine bills.
![Cash in gloved hand](https://www.bankrate.com/brp/2023/12/03124142/Deposits_6_ways_to_deposit_cash_into_someone_elses_account.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Depositing cash into someone’s account isn’t always possible, but there are options.
![Man in coffee shop using laptop with a card in his hand.](https://www.bankrate.com/2020/09/11171556/Reg.E..jpeg?auto=webp&optimize=high&crop=1:1&width=356)
The rule provides a framework for settling unauthorized debit-card transactions.
![Person reading credit card statement](https://www.bankrate.com/brp/2023/11/29181714/Deposits_What_is_an_overdraft_fee_and_how_can_you_avoid_it.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Here are easy actions you can take to avoid the fee of get it waived.
![Women using tablet](https://www.bankrate.com/2020/05/19152145/online-checking.jpeg?auto=webp&optimize=high&crop=1:1&width=356)
Online checking accounts stand out for different features. Here’s our top picks.
![Woman standing in front of an ATM](https://www.bankrate.com/brp/2024/08/21093308/Deposits-Annual-Checking-Account-and-ATM-Fee.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Withdrawing cash at an out-of-network ATM? Be prepared to pay more than ever.
![Hand touching buttons on a ATM keypad](https://www.bankrate.com/2022/08/29134643/Banking-Checking-Account-Survey.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Convenient access to your cash often comes at a price — and sometimes it’s a very high one.
![Woman using an ATM](https://www.bankrate.com/2022/08/08121053/Deposits_10_types_of_checking_accounts_SEO_Article.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Not all checking accounts are created equal.