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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.

Editor's picks

Banking data studies

A majority (81%) of Americans did not increase their emergency savings this year
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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Illustrated by Bankrate
Big banks pay just 0.01% APY while online banks offer 4% or more. Your $10,000 could earn over $800 more over two years.
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Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
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.
Young woman withdrawing money using phone at the ATM machine on the street in Budapest in Hungary.
Here are simple steps to take to avoid paying checking account fees.
Someone cutting a stack of cash with scissors
In this era of no-fee banking, pesky fees still exist. Here’s how to avoid them.
Young woman walking on the street
Here’s what other banks have to offer that you might be missing out on at yours.
close up of hands writing a check
Consumers without a bank account face hurdles when trying to cash a check.
Illustrated by Bankrate
Big banks pay just 0.01% APY while online banks offer 4% or more. Your $10,000 could earn over $800 more over two years.
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.
Person looking at smartphone
The best account to save your money will vary by your goal.
A woman and daughter work together
A savings account can be a great tool to teach your child about money. Here are a few of our favorites.
Mature woman helps her daughter study for exam
High-yield savings rates fluctuate over time. Let’s explore what causes that.
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The top high-yield savings accounts are currently earning APYs of 5 percent and greater.
A woman holds a phone at an office
Savers can stash their cash in a brokerage these days to rack up returns.
Man watering plants
Interest is the price you pay to borrow money or the cost you charge to lend money.
A collection of assorted items: old analog alarm clock, padlock, keys, a check, a hand holding cash
CDs often pay better interest than savings accounts and can amp up your nest egg.
Elderly woman on laptop
Although it depends, be mindful of the CD’s terms and how it meets your money goals.
Illustration of calculator and stacks of cash
If you have $25,000 to invest in a CD right now, here’s how much you could earn.
person working on laptop at the kitchen table
CDs come in many varieties, making it easy to find one that meets your needs.
A CD often earns a competitive, fixed rate. Here’s what to know before opening one.
woman using laptop in the kitchen
These tips can help maximize your savings using certificates of deposit.
A person researches on a laptop.
Learn when a CD is worth it, when it is not, and alternatives to consider in 2025.
Man sitting in front of his laptop looking pensive while holding his glasses.
CDs hold your funds for a set period. In exchange, you get a reliable return.
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.
Financial manager meeting with couple in bank branch office
Get the latest rates on top-yielding money market accounts.
Woman online banking with a tablet
How Reg. D impacts your savings account and why it pays to check with your bank.
Asian women using laptop computer at home working space.
CD terms can range from three months to five years. Learn which one is right for you.
Woman using mobile phone at the bar
These accounts sound similar, but there are some key differences to know.
woman at ATM
Our top 5 picks scored highly for access, range of products and digital options.
Young woman withdrawing money using phone at the ATM machine on the street in Budapest in Hungary.
Here are simple steps to take to avoid paying checking account fees.
close up of hands writing a check
Consumers without a bank account face hurdles when trying to cash a check.
This old-school way of paying is still in demand. Here’s everything you need to know.
A young man uses an ATM.
Over time, ATM fees have climbed. Here’s what you need to know.
Young Woman Checking Her Finances At Home
Finding the account number on a check is easy — if you know where to look.
close up of hands signing a check
Checks aren’t as ubiquitous as they once were, but you may still have to write one.
Young woman using the ATM
Knowing your ATM withdrawal limits can make a sudden need for cash easier to handle.
Illustration of an old-fashioned alarm bell ringing , hovering over a cell phone.
Mobile apps make managing your money a snap and mobile alerts can help protect it.