Unlike other deposit accounts, CDs offer a guaranteed rate. No matter what else happens in the economy, you can count on your fixed rate. If you're sometimes tempted to spend money being saved for ...
The best way to minimize taxes on a CD is to buy it within the framework of a tax-advantaged account, says Meade. Of course, that only delays — not cancels — taxes due on interest income.
The Citizens Bank Online 14-month CD has a $1,000 minimum balance requirement. The Citizens Bank Online 7-month CD has a $25,000 minimum balance requirement and a higher APY. Both CDs require a ...
In order to take advantage of those high rates while also saving for the long-term, "A practical approach could be to ladder your CDs," Dempsey says. "Buy some one year, some two years ...