If you hope to earn high interest on money you set aside in a certificate of deposit (CD), you’ll want to consider opening an account soon. CD rates have been slowly decreasing since late 2024 ...

Learn about certificate of deposit (CD) types, how they work, and how they can fit into your savings goals. Browse Investopedia’s expert-written library for more.

A no-penalty CD is a type of certificate of deposit that charges no fee for withdrawing money before the term expires. You usually must withdraw the full balance at once.

Planning for retirement means using low-volatility investments to safeguard income for near-term spending and essential living costs.