Certificates of deposit are in the financial spotlight this year. The best CD rates are higher than 4% annual percentage yield even for one-year terms, which is worlds better than they were years and even months ago.⁠ ⁠ Opening a CD requires you to choose a specific length of time for a bank to hold an upfront amount of money. In return, you tend to earn more interest than other bank accounts while having the same protections, including federal deposit insurance.⁠ ⁠ Safety is what CDs are typically known for, and higher rates may sweeten the deal so that more people consider these bank accounts. Here’s a closer look at what they are.⁠ ⁠ Head to the link in bio for more. ⁠ ⁠ #savingsaccount #finance #financialplanning #interestrates ⁠ #money