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How to open a certificate of deposit (CD)

Banking
Everything you need to know about opening an account.
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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.
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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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Banking data studies

Money next to flashing sirens
Nearly 1 in 4 Americans have no emergency savings, according to a new Bankrate survey.
Over 1 in 4 workers are more worried about job security since 2025 began.
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Two-thirds of American savers say they’re earning rates below 4% APY. Here’s why.

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Latest articles

Couple meeting with financial advisor
Jumbo CDs pay a higher yield than other CDs. Here’s what to know before opening one.
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Compare the best high-yield savings rates as of Aug 4, 2025.
Ally Bank logo
Ally’s money market account offers a high APY, no minimum deposit or monthly fee.
Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank
Comparing savings rates can ensure you get the best return on your savings.
Illustration of construction workers on a roof
An emergency fund is an essential part of a solid financial plan.
Person folds his hands in front of their face
A bank may deny you a checking account. Here is what you can do next.
Woman watering plants.
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Federal Reserve Board Chairman Jerome Powell holds a news conference following a Federal Open Market Committee meeting on June 18, 2025
Officials are worried about cutting interest rates too soon as Trump’s tariffs push up inflation.
piggy bank on top of pile of cash
Compare the best high-yield savings rates as of Aug 4, 2025.
Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank
Comparing savings rates can ensure you get the best return on your savings.
Illustration of construction workers on a roof
An emergency fund is an essential part of a solid financial plan.
If you’re looking to become a better saver, here are some tips for setting savings goals.
Fragments of five $100 bills showing Benjamin Franklin's face five times in a diamond shape.
Despite political pressure to cut rates, the Fed looks to keep them steady, for now.
Financial manager meeting with couple in bank branch office
Get the latest rates on top-yielding money market accounts.
Fantasy image of a robot hand holding a phone with real cash falling out of the screen
For many of us, saving money feels like an uphill battle.
A wide-angle image of the front of the Federal Reserve HQ in Washington, DC. The U.S. flag is prominently displayed on the front of the building.
Despite political pressure, the Fed is expected to maintain interest rates.
Couple meeting with financial advisor
Jumbo CDs pay a higher yield than other CDs. Here’s what to know before opening one.
Woman watering plants.
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
young woman on ipad with illustrations in the background
Understanding what determines CD rates can help you decide whether to get one.
man working on tax forms with calculator
Looking to score more tax deductions? IRA CDs might be for you.
Woman doing financial paperwork
Better to let a CD automatically renew or cash it in? Here’s a guide for those looking to renew.
Image of bonds and cash
Consider these important factors before investing in bonds and CDs.
A graph showing an upward trend from 2025 to 2026. The trendline is made of cash
If you have $10,000 to invest in a CD right now, here’s how much you could earn.
A large pile of cash next to a padlock
A one-year CD can be a safe and worthwhile option, especially turning to high-yielding online banks or credit unions.
Ally Bank logo
Ally’s money market account offers a high APY, no minimum deposit or monthly fee.
Man working on laptop and drinking coffee
Money market funds are available from several different brokers and fund managers.
A young female researches on her phone.
Here’s the lowdown on no-penalty CDs, and how they differ from regular CDs.
Person looking at smartphone
The best account to save your money will vary by your goal.
Bank teller with customer
These credit unions offer great rates and top-notch features — and many make it easy to join.
Woman smiling at cash on a cloud
Lay away cash for an emergency or short-term goals with a money market mutual fund.
Man in home office online banking
These tips can help you manage your money more wisely and make you a bit richer.
Woman looking at phone
Find the right business savings account to help your company’s money grow.
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Mobile apps make managing your money a snap and mobile alerts can help protect it.
A young man uses an ATM.
Over time, ATM fees have climbed. Here’s what you need to know.
Family looking at their finances.
Early access to direct deposited funds can make managing your budget a bit easier.
close-up of a hand holding a cell phone
The person-to-person payment tool can allow for easy transactions to friends, family and more.
person signing a check
Looking to save money when ordering checks? Consider getting them online instead. Here’s how.
Person looking on computer, with dog.
Here’s everything you need to know about the specialty consumer reporting agency.
A woman writes a check
A bounced check is something that should be avoided. Here’s what you need to know.
Man and women looking at a computer and smiling
If you’re considering a rewards checking account, here’s what you need to know.