CDs are reliable, they're easy to store, they're much cheaper than vinyl records, and once you buy an album, it's yours to keep forever. CDs also come with the all-important booklet with lyrics and ...

You can get a whole CD for a minimum of $1,000 or buy CD fractions in increments of $100. Moreover, unlike a bank-issued CD, you’ll only receive simple interest rather than compounding interest.

Our picks for the best CD rates are offered by Quontic Bank (4.95%), Barclays (4.65%) and Ally Bank (4.40%). We’ve put together a list of the best CD rates from our top-rated banks, credit ...

Typical CDs are not protected against inflation, so when shopping for a CD, try to buy one higher than the inflation rate so that you can get the most value for your money. The longer the term of ...

Federal Deposit Insurance Corporation (FDIC) insurance protects your money if your CD issuer fails or becomes insolvent. The neat part is that you can buy CDs from multiple banks and receive ...

Who should open a 5-year CD? A five-year CD is a useful savings tool for people who are looking to save for a specific purchase down the road. For example, you might tuck away funds with the ...

Miranda Marquit, MBA, is a freelance contributor to Newsweek’s personal finance team. She has an M.A. in journalism from Syracuse University and has been writing and podcasting about money since ...

For example, if you plan to save money to buy a car in three years ... Why You Should Trust Us: How We Reviewed Discover CDs We used Business Insider's certificate of deposit methodology to ...

Not all banks and credit unions offer 10-year CDs, but those that do give consumers a unique opportunity. Certificates of deposit (CDs) with this maturity lock in a fixed rate for longer than ...

It became more affordable through the 1990s, and many manufactures began to switch from cassette to CD in the 2000s. This means that there remain a lot of used cars on the road with a CD player, ...

In order to take advantage of those high rates while also saving for the long-term, "A practical approach could be to ladder your CDs," Dempsey says. "Buy some one year, some two years ...

The best way to minimize taxes on a CD is to buy it within the framework of a tax-advantaged account, says Meade. Of course, that only delays — not cancels — taxes due on interest income.