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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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Senior Economic Analyst

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.
And elderly couple discussing HYSA options
Two-thirds of American savers say they’re earning rates below 4% APY. Here’s why.

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Latest articles

Fed rate hike to curb inflation, wooden block with FED and up-down arrows icon. Central banking system and interest rate changes.
We look back at how banks handled rate cuts in 2024, and what to expect in 2025.
Illustration of coins with a headline that reads best high-yield savings accounts today
Compare the best high-yield savings rates as of September 8, 2025.
A woman does research online.
These CD specials help you earn more money on interest without taking on risk.
Mom preparing financial paperwork at home while her child draws next to her
Single people and young families tend to have significantly less saved.
Panorama of aerial view of Downtown Houston, Texas, USA
As the old saying goes: “Everything is bigger in Texas.” And that’s also true of your list of options when choosing a bank or credit union in the state.
Aerial view of a group of residential boat docks from homes along the Halifax River in Ormond Beach, Florida near Daytona
Managing your finances and choosing the right bank can be daunting, especially in a state as big and diverse as Florida.
Santa Barbara beach with palm trees and city skyline at sunset, California, USA
California is a large state, and so are your list of options when it comes to banking in the Golden State. With so many options available, it can be tough to find the right fit. But don’t worry, we’ve [...]
Here’s how to boost your savings.
Woman online banking with a tablet
How Reg. D impacts your savings account and why it pays to check with your bank.
Person looking at smartphone
The best account to save your money will vary by your goal.
Image by GettyImages, Illustrated by Bankrate
The APY percentage shows how much an account earns per year. Here’s what you need to know.
Someone watering a plant that grows cash
Here’s how much $100,000 in a high-yield savings account can earn you.
A majority (81%) of Americans did not increase their emergency savings this year
Close up of someone hands holding and counting American dollar banknotes in her hand
Most people know they should save. But understanding why can make the habit stick. Saving isn’t just about “being responsible” — it’s about control, opportunity, and peace of mind. Here are seven [...]
Mother and daughter
A savings account is a good tool for teaching children financial basics and responsibility.
sleeping child and grandma rest on travel adventure for family bonding
Saving for your grandchildren can help to minimize the financial burdens they face down the road.
Man working on laptop and cellphone simultaneously
If you’ve been thinking of getting a longer-term CD, you may want to make a move.
Percent symbol with people holding money that is many dollar bills. Concepts of the banking system, rising interest rates, inflation, deflation, and savings.
Here’s how to proceed when your CD matures during falling rates.
woman working on a laptop
CDs can be a useful tool to save, but make sure to shop around for the right kind and bank for you.
Shot of a young businesswoman using a digital tablet outside of an office
Learn how you can lose money on a CD.
A father multi-tasks with his young son.
Savers, here are strategies to invest in CDs.
stacks of coin with dollar bill
A CD ladder lets savers benefit from higher rates without locking up all your money in long-term CDs.
Woman watering plants.
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Woman Inserts Cash Into Wallet
If you think rates may rise again soon, a bump-up CD could be what you’re looking for.
Bank teller with customer
These credit unions offer great rates and top-notch features — and many make it easy to join.
Young woman calculating her finances while sitting with her laptop.
Investing with mutual funds is an easy way to build a diversified portfolio. Here’s what you need to know.
Woman using mobile phone at the bar
These accounts sound similar, but there are some key differences to know.
Woman online banking with a tablet
How Reg. D impacts your savings account and why it pays to check with your bank.
Person looking at smartphone
The best account to save your money will vary by your goal.
Financial manager meeting with couple in bank branch office
Get the latest rates on top-yielding money market accounts.
A couple works on their finances on a laptop in their kitchen.
With interest rates somewhat volatile, it’s important to shop around for the best money market mutual funds.
woman at ATM
Our top 5 picks scored highly for access, range of products and digital options.
woman sitting on her couch and looking at her phone and credit card
Knowing your limit before making a purchase can help you make smarter decisions.
person using mobile phone leaning on railing
A second-chance checking account is designed for those whose banking history may prevent them from opening a standard account. Applicants sometimes have past problems such as an unpaid negative balance [...]
Spend money, pay bills, write checks or make fund transfers with a checking account.
person on phone by computer looking at piece of paper
Here’s how these two bank fees compare and how to best avoid them.
This old-school way of paying is still in demand. Here’s everything you need to know.
close up of hands signing a check
Checks aren’t as ubiquitous as they once were, but you may still have to write one.
A young man uses an ATM.
Over time, ATM fees have climbed. Here’s what you need to know.
close up of hands writing a check
Consumers without a bank account face hurdles when trying to cash a check.