Issues with lingering inflation have forced the Federal Reserve to keep interest rates high overall for the last couple of years. That has been a good thing for savers, as it has resulted in increased ...

For example, if you invest $10,000 in a 12-month CD with a APY of 3%, you'll get your $10,000 back with $300 in interest once that year ends (or monthly depending on the CD). Your principal, as long ...

A mom went viral this month after her daughter struggled to open a CD case in a TikTok video that has grabbed two million views. "So this morning, I handed my 10-year-old daughter one of these," the ...

Health savings accounts (HSAs) are tax-advantaged savings vehicles that help you save and invest for medical expenses. HSAs are funded with pre-tax dollars, which can lower your tax bill now, and you ...

Every time Sophia publishes a story, you’ll get an alert straight to your inbox! Enter your email By clicking “Sign up”, you agree to receive emails from ...

The Federal Reserve just cut the target federal funds rate by 0.25 percentage points. So what does that mean for CD investors? CD rates haven't fallen yet, but they're likely to drop very soon. And ...

A 10-year-old girl’s attempt to open a CD case is spinning out of control on TikTok. The Pennsylvania preteen’s mom, known as ELS or @elspa570 on the platform, claimed in a May 6 video that she had to ...

Anyone with money in the bank, listen up: The Federal Reserve recently announced its first rate cut in nine months, and it has projected a drop in interest rates through 2027 and beyond. That means ...

There's a lot to like about certificate of deposit (CD) accounts now. Rates remain high, returns are guaranteed and they're easy to use. Earning more than $1,000 from a CD is as simple as depositing ...