Personal Finance Advice and Commentary

CD rates are still depressingly low, but CDs have other lovable features.

Last week, the Mississippi Supreme Court backed up a lower court’s initial ruling in a case revolving around a woman’s right to withdraw funds early from a CD without the necessary documents. Carolyn Epperson tried to withdraw money from her certificate of deposit before the maturity date at SouthBank in 2005, the Northeast Mississippi Daily

Make sure you know what a bank will charge to cash out a CD early. Some banks can take far more than current returns.

In the wake of Hurricane Irene, two of America’s biggest banks are providing some short-term assistance for account holders. JPMorgan Chase and Wells Fargo both notified customers in New York, New Jersey and Connecticut via email that certain bank fees will be waived as affected areas recover from the natural disaster. The fee-free period for

What’s one of the worst things you can do to foil your retirement plans? Answer: Take an early withdrawal from your retirement account. Despite the supposed fact that we’re in an economic recovery, a surprising number of people did just that, according to Bankrate’s Financial Security Index, released on Monday. In fact, 19 percent, or

Early withdrawal penalties on CDs can be onerous, not only can they wipe out all of your interest but they can even reach into the investment principal, which clearly works against all the logic of CD investing. Nonetheless, some investors like to game the system and buy a longer-term CD for the higher yield and

CDs can be an attractive place to park some cash — when interest rates aren’t making a mockery of savers’ attempts to beat inflation. Be that as it may, CDs do offer convenience and an easy return on your money, plus your investment is backed up by the FDIC. Before investing in a CD, buyers