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Best certificates of deposit (CDs)

A CD can be a good option if you want to earn interest without worrying about your APY changing as can happen on a savings account.

The article from Fortune discusses the best certificates of deposit (CDs) available, highlighting their benefits such as higher interest rates compared to traditional savings accounts and the security of FDIC insurance. It lists top CD options from various banks, including Synchrony Bank, Marcus by Goldman Sachs, and Discover Bank, detailing their terms, interest rates, and minimum deposit requirements. The article also explains how CDs work, their fixed terms ranging from a few months to several years, and the penalties for early withdrawal. Additionally, it provides guidance on choosing the right CD based on individual financial goals and the current economic environment, emphasizing the importance of laddering strategies to maximize returns while maintaining liquidity.

Read the Full Fortune Article at:
https://fortune.com/article/best-certificates-of-deposit/