Discover how CDs work, offering secure savings with fixed interest rates. Learn about terms, early withdrawal penalties, and how they compare to other accounts.

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

On the surface, locking your money away for two years may not seem like the best financial decision. Not only will you lose access to funding that you may need in an emergency, but you'll also lose ...

A certificate of deposit rollover is the process of transferring money from an existing CD into a new one as soon as it ...

A Certificate of Deposit (CD) and an Individual Retirement Account (IRA) are both savings vehicles, but with different uses and features. A CD is a type of savings account that offers a fixed interest ...

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Learn how to open a Certificate of Deposit (CD) in easy steps. Compare providers, choose your CD type, submit an application, ...

Kelly is a former editor for CNET Money covering banking. She has over 10 years of experience in personal finance and previously wrote for CBS MoneyWatch covering banking, investing, insurance and ...