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Certificates of deposit

Amid market volatility, certificates of deposit are having their moment — for now

by Kimberly Adams
Aug 6, 2024
CDs can lock in a rate of return for months or years. Investors find that attractive ahead of expected interest rate cuts.
The era of certificates of deposit with rates of 4% or 5% may soon be coming to a close.
Patrick T. Fallon/AFP via Getty Images
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Banks in Turmoil

Why CDs are music to banks' ears right now

by Stephanie Hughes
Mar 27, 2023
Certificates of Deposit help banks bring in cash that they can use to make money by lending it at higher rates. Depositors may be looking to CDs as interest rates rise.
According to the Federal Reserve, the amount invested in large CDs — specifically, with accounts holding $100,000 or more — has gone up nearly 44% in the past year.
Patrick T. Fallon/AFP via Getty Images
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