No-Penalty CD vs. Savings Account: Which Is Better?
Rates and access to money are two key factors when deciding between a regular savings account and a standard certificate of deposit. For higher rates, standard CDs win. For increased…
Spencer Tierney
Spencer is a writer and expert on certificates of deposits at NerdWallet. His work has been featured by USA Today, MSN, SF Gate, the Los Angeles Times and more. He earned a bachelor’s degree in English at UC Berkeley. You can reach him at [email protected].
Posts by Spencer Tierney:
Your Last Chance for High CD Rates Is Right Now
The coronavirus pandemic has upended life around the world, threatening peoples’ health and causing countless disruptions to their daily lives. But if you are able to take the time to…
Are CDs Safe?
Locking money up in a certificate of deposit can be intimidating: You’re handing over a lump sum of cash; plus, many of the highest rates are offered by online banks,…
When Your CD Matures: What to Know
Soon you will say farewell to your certificate of deposit. During your time together, the CD had a stable ride, growing your money, but now the time has come and…
9 Types of CDs: Which Should You Choose?
Certificates of deposit set aside your money for a specific period of time and typically offer higher interest rates than regular savings accounts do. But under that umbrella, there are…
High-Yield CD: How It Works
Like many things you shop for, certificates of deposit aren’t all the same. One CD might earn you hundreds of dollars in interest while another gives you literally one dollar.…
Best Jumbo CD Rates for 2020
Jumbo CDs require a big sum upfront, such as $100,000, for rates that may be slightly better than regular CD rates. Check our list of the best.
Is Chasing the Highest Savings Rate Worth It?
Last year, Peter Hsiao learned about high-yield savings accounts from his friend, and within a week, he had opened one. His rate was above 2%. High-yield savings accounts pay interest…
CD Early Withdrawal Penalty by Bank
Editor’s note, March 23, 2020: Many banks and credit unions are temporarily waiving early withdrawal penalties for CDs in response to widespread financial distress caused by the coronavirus situation. To find…
Marcus CD Rates: How They Compare
Marcus by Goldman Sachs has some of the highest rates for certificates of deposit among online banks and a low minimum opening requirement of $500. It also offers competitive yields…
