Plain-English definitions of the terms in savings and CD disclosures, from APY and interest tiers to maturity dates, grace periods and penalties.
Category: Savings and CDs
Rates, terms and how savings products differ.
A CD ladder splits savings across certificates of deposit with staggered maturity dates. Learn how to size deposits, choose terms and handle each maturity.
How money market deposit accounts work: tiered rates, minimums, check-writing access, insurance coverage and how they differ from money market funds.