CBS News

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  Stowing your savings away in an interest-bearing account has been a lucrative move to make over the last couple of years. The interest rates on these accounts have been quite high, after all, with many high-yield savings accounts and certificate of deposit (CD) accounts offering annual percentage yields (APYs) that far surpassed the inflation rate. That, in turn, resulted in big payoffs for the savers who took advantage of earning interest in a high-rate environment.But the window to capitalize...

12 best CDs to open before rates are cut in September

The clock is ticking on high certificate of deposit rates. You can still score an annual percentage yield, or APY, up to 5.25% with today’s best CDs, but APYs have been on the way down for months. And with a Federal Reserve rate cut likely around the corner, they’re falling even faster these days.

Best CD Rates Today, Aug. 28, 2024: Time’s Running Out on APYs Up to 5.25%

Business Insider

Two local credit unions are offering CDs with at least 9% interest before the Fed cuts interest rates. Find out how to qualify for the CD specials.

Some credit unions are offering CDs of 9% APY or more before an anticipated Fed rate cut

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public. If you're looking for a safe place to park significant savings, a jumbo CD can...

Best jumbo CD rates for September 2024

The Motley Fool

Today's CD rates aren't going to stick around forever. Read on to see how to take advantage of them while protecting yourself financially.

If You Want to Put Money Into CDs Before Rates Fall, This Is the Way to Do It

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

How Much Can You Deposit in a Checking Account?

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  Mortgage interest rates are falling again. After hitting their highest level since 2000 last summer when the 30-year mortgage loan hit 7.31%, rates are around 6.50% now, nearly a full point lower than what borrowers could have secured last August. And with a consistently cooling inflation rate (it dropped for the fourth month in a row in July), a cut to the federal funds rate appears likely when the Federal Reserve meets again in September. While that cut may...

How much would a $600,000 mortgage cost per month?

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  Certificate of deposit (CD) accounts are always a smart way for savers to protect and grow their money. And they've become a critical way to do so in recent years. With inflation at its highest level in decades and interest rates designed to combat it elevated as well, returns on CDs surged from around 1% in 2020 and 2021 to 4% to 5% right now. With the right term and deposit amount, savers could potentially earn hundreds and even...

How much interest would a $5,000 CD earn in 2 years?

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  There's no question that today's high-rate landscape has paid off in spades for many savers. After all, many high-yield savings accounts and certificates of deposit (CDs) have offered extremely attractive rates over the last few years, making it easy to maximize the returns on your money. But if you've been sitting on the sidelines, watching your savings earn minimal interest in a traditional savings account, you may want to rethink that strategy. The financial markets are signaling a potential shift,...

Why you should put $10,000 into a long-term CD before September

Supplemental Security Income payments went out in the beginning of August, but recipients are getting another check this week. The payment schedule can change month to month depending on what day a month starts on. Below, we'll lay out the payment schedule and explain why two checks are being sent this month, and what that means for September. Also, if you didn't know, you might be getting a boost to the amount of money in your checks later this year.

SSI Beneficiaries Are Getting Another Check This Week; Here's When

Your 401(k) balance should be growing larger and larger over time. How does your retirement savings stack up against other people in your age group?

Here's the Average 401(k) Balance by Age. How Does Yours Compare?

CD rates are dropping in anticipation of the Fed cutting its rates. You might not be able to get 5% APY on CDs soon, but using CD ladders can help.

CDs won't be paying 5% for much longer, but a financial planner shares a strategy you can start today that will pay off for months

GOBankingRates

If anyone knows how to choose a bank account, it's a bank teller. GOBankingRates spoke with Rachael P, a bank teller for years, about how to choose the best high-yield savings account. Find Out: I'm a...

I’m a Bank Teller: Here’s How I Chose My High-Yield Savings Account

Looking to open a CD in September? Read on to see why you may want to think long term.

The Single Best CD Strategy for Making Money With CDs in September

Today’s high-yield savings account rates are likely the best we’ll see for a while. If you’re thinking about growing your emergency fund or starting a sinking fund, now’s the time to take advantage of competitive annual percentage yields, or APYs. The top high-yield savings accounts boast...

Best Savings Rates Today, Aug. 27, 2024: Where You Can Actually Earn Up to 5.25% APY

Money

Credit cardholders have racked up an additional $1,000 of debt on average in the last two years, a sign that Americans are turning to plastic to support their spending while inflation is high. The average credit card balance per consumer increased to $6,329 in the second quarter, an increase from...

America’s Credit Card Crisis: Here’s How High the Average Balance Is Now

Verizon announced that it's jumping into the smart ring market and will be selling the Ultrahuman Ring AIR in stores starting Tuesday. This venture will bring Verizon customers and interested consumers closer to trying out the advanced technology offered by Ultrahuman. Ultrahuman’s Ring AIR is a sleek, wearable device that tracks sleep, movement and recovery. It’s already been on the market since June 2023, but this partnership may offer more competition to other smart rings that exist like the Samsung Galaxy Ring and Oura Ring.

Verizon Announces Partnership With First Smart Ring, Ultrahuman Ring AIR

Overfunding a savings account could backfire on you. Read on to see why.

Here's What Happens When You Keep Too Much Money in a Savings Account

Imagine you’re heading out on a late summer road trip to see family or visit one of our nation’s beautiful state parks. You’ll probably take a direct route, which may mean paying tolls along the way. After your trip, you get a text message from an unrecognized number asking you to “click here” to pay overdue toll charges and avoid late fees.

If You Get This Text Message, It’s Probably a Scam

You can check to see if your Social Security was leaked in the massive National Public Data breach and take steps to guard your your personal information if it was stolen in the theft of a reported 2.9 billion records last December. Here's how. According to an August statement from...

See If Your Social Security Number Is in the National Public Data Breach

NewsBreak

Best CD Rates Today, Aug. 29, 2024: Don’t Let High APYs Pass You By

There’s still time to score a high rate on a certificate of deposit -- but don’t wait too long. Rates are falling fast as banks anticipate...

Best CD Rates Today, Aug. 29, 2024: Don’t Let High APYs Pass You By

Comments / 0