Initial deposit The amount of money you initially deposit into your CD. Usually, you can only make one deposit unless you have an add-on CD. Some banks require a minimum deposit amount to open a CD.

It doesn’t charge account fees, and your deposit is FDIC-insured. You can open a CD with a minimum deposit of $2,500 and make your deposit online through a bank transfer or over the phone.

Do your own research! Settling for a CD at a bank ... no matter the quality of customer service. When do shorter CD terms make sense? Shorter CD terms serve well when you have a short-term savings ...

On the other hand, it may not make sense to invest in a 3-month CD with a rate that’s on par with your savings account. If you end up needing to make a withdrawal from your CD, any earnings as a ...

However, our opinions are our own ... 2-year CD, which is 1.55% APY. If you're also interested in other CD terms, check out our overall best CD rates. The Best 2-Year CDs Calculate Your Estimated ...

However, our opinions are our own ... CD that isn't geared toward retirement, check out our best CD rates guide instead. An IRA CD is a type of retirement account that invests your money in ...

Always check the terms and conditions of your CD before making an early withdrawal to understand the consequences fully. When Is a Good Time to Make an Early CD Withdrawal? While early ...

Once you've made the decision to put money into a certificate of deposit, you've got another to make: What to do with your funds when the CD matures. It would be easy to forget you have money ...

When she's not helping you balance your budget ... If you can find a better CD rate with a different financial institution, it may make sense to withdraw the funds and deposit them into a CD ...

Just make sure you compare different banking options and the term lengths that work for you in order to start maximizing your balance with the best CD rates available today.