
What is a CD (certificate of deposit)?
CDs often pay better interest than savings accounts and can amp up your nest egg.
René Bennett is a writer for Bankrate, equipping readers with the knowledge they need for best saving practices. He reports on personal finance and, as someone coming out of college, understands how difficult it can be to make choices about money, so he endeavors to make navigating those choices as straightforward as possible.
With a background in writing and a bachelor’s degree in English from New York University, René is devoted to balancing clarity of style with accurate and informative content in his reporting. He has written on a number of topics, from savings accounts to roller coasters.
CDs often pay better interest than savings accounts and can amp up your nest egg.
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Navy Federal offers a basic savings option and two types of money market savings accounts.
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