For example, if you invest $10,000 in a 12-month CD with a APY of 3%, you'll get your $10,000 back with $300 in interest once that year ends (or monthly depending on the CD). Your principal, as long ...
While you can open a CD account of this size at any time, the benefits of doing so now are waning. Here's what to know.
Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. If ...
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