CD's and Interest


CD Basics
CD’s pay you interest on your money very much like a savings account, but your earnings are typically higher with a CD.
Finding the Best Bank CD Rates
If bank CDs are not new to you, then you're ready to find the best rates. Learn about the factors that affect CD rates. Find out where to shop around, and where you're likely to find the best deals. You'll also want to learn a few basic strategies that help you manage your CD savings.
CD Investor Pitfalls
Bank CDs have their drawbacks. Remember that you're trading away some flexibility for a higher interest rate from the bank. CDs are very safe, but it's possible to lose money in some circumstances.


Why Interest Checking Accounts?
What’s so great about these accounts? With interest checking accounts, you get the best of both worlds - you can write checks, use a debit card, make ACH transfers, and earn a competitive return on your cash.
Types of Interest Checking Accounts
There are two major types of interest checking accounts. The first type is a plain-vanilla account that pays interest and offers checking features. The next type is a reward checking account. Reward checking accounts generally have more restrictions and are harder to qualify for - but they pay more interest.
Interest Checking Pitfalls

  • Some interest checking accounts have restrictions.
  • Limited number of transfers in the account per month
  • Minimum balance requirements
  • Bounced check fees

Frequently Asked Questions

What is the minimum opening balance for a CD?

The minimum opening balance varies depending on the type of CD account.

How long will it take to process my CD application?

After submitting your application, the application will be processed and you will be notified of the results via email within 1 to 2 business days.

When do I start earning interest on my CD?

Interest begins to accrue on the day the application is processed, not the day the application is submitted. Your application will be processed at the interest rate that was effective the day you submitted the application.