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Erin is a Senior Banking Writer at Forbes Advisor, bringing several years of experience in personal finance topics. She previously worked as a staff writer for Kiplinger.com, where she covered a broad ...

A jumbo CD is the same as a standard CD, except that it pays a higher APY in exchange for a significantly larger opening deposit, typically around $100,000. Like standard CDs, jumbo CDs offer fixed ...

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We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. The bank offers high APYs on some short-term CDs, but they come with a steep ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Edward Jones’ brokered CDs offer significantly higher APYs SDI Productions / Getty ...

Increases to the federal funds rate can raise yields on certificates of deposit. The Federal Reserve raised the federal funds rate by 25 basis points, or one-quarter of a percentage point, on Sept. 16 ...

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Always compare interest rates on CDs, including against other savings options such as high-yield savings accounts. Choose a term length that balances your needs for earnings and liquidity. Be aware of ...

Now is a good time to buy CDs, as yields continue to climb after the Federal Reserve raised its rate in September. In the current environment, you can find both short-term and long-term CDs that pay ...

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