Thanks to compound interest, which usually gets added to a CD account monthly or quarterly, depending on the length of the CD term, your initial deposit can grow significantly over time.

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While opening a CD before a Fed meeting in which rate cuts are anticipated may make sense, this doesn't appear to be the case this month. When the Fed was poised to cut rates last September ...

And that may mean CD rates stay steady too. “I’d expect rates to largely hold steady in March, given that the Fed has put the brakes on rate cuts for the time being. That’s not likely to ...

As a result, the best CD rates in the nation have largely been holding steady after drifting a bit lower at the end of last year. Certificates of deposit (CDs) continue to pay historically high ...