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Best 9-month CD rates — May 2021

Best 9-month CD rates May 2021 Bankrate 5/3/2021 © Provided by Bankrate USA, Florida, Miami Beach, young couple using cell phone in the city Reaching your savings goals can be challenging. And having easy access to funds in a money market or savings account doesn’t help. Popular Searches If you struggle to keep your hands off your savings, a 9-month CD may offer the perfect solution. As with other CDs, there’s an early withdrawal penalty. That may be enough to keep you from touching your deposits before your maturity date. With a 9-month CD, you’ll avoid tying up your funds for an extended period of time. What’s more, you’ll earn a higher rate of return than you would through most savings accounts or a CD with a shorter term. Calculate how much interest you could potentially earn when your CD matures.

Best 5-year CD rates — May 2021

Best 5-year CD rates May 2021 Bankrate 5/17/2021 © KOLOstock/Getty Images Family spending time together A certificate of deposit, or CD, is an account that allows you to stash away some cash and earn fixed interest on it for a set period of time. Popular Searches A 5-year CD can get you one of the highest savings rates while offering safety and a guaranteed return. In exchange for handing over your money for a longer term, banks are usually willing to offer you a higher interest rate. However, with interest rates being so low, figuring out where to park your cash can be a tough decision. The Federal Reserve has cut rates to near zero.

Best 9-month CD rates — April 2021

Best 9-month CD rates May 2021 Bankrate 5/3/2021 © Provided by Bankrate USA, Florida, Miami Beach, young couple using cell phone in the city Reaching your savings goals can be challenging. And having easy access to funds in a money market or savings account doesn’t help. Popular Searches If you struggle to keep your hands off your savings, a 9-month CD may offer the perfect solution. As with other CDs, there’s an early withdrawal penalty. That may be enough to keep you from touching your deposits before your maturity date. With a 9-month CD, you’ll avoid tying up your funds for an extended period of time. What’s more, you’ll earn a higher rate of return than you would through most savings accounts or a CD with a shorter term. Calculate how much interest you could potentially earn when your CD matures.

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