
Why You Should Avoid Long-Term CDs Right Now
With uncertainty in the economy and rising inflation, locking into long-term CDs may not be the best move. Explore short-term alternatives that offer flexibility and potential higher returns.
Banking guides — high yield savings accounts, CD rates, checking accounts and money market comparisons.

With uncertainty in the economy and rising inflation, locking into long-term CDs may not be the best move. Explore short-term alternatives that offer flexibility and potential higher returns.

With uncertainty in the economy and rising inflation, locking into long-term CDs may not be the best move. Explore short-term alternatives that offer flexibility and potential higher returns.
An FDIC-insured savings account, usually from an online bank, that pays many times the national average interest rate. CentClarity's guides show how to compare APYs, fees and access.
CDs lock in a fixed rate for a set term, which pays off when rates are high or falling. Our guides explain CD ladders, early withdrawal penalties and CD vs savings tradeoffs.