Whether it is for retirement or a rainy day, saving money can benefit you in many ways. If you want an option that yields more than mattress storage or your standard savings account but have cash you ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Jessica Gibson is a content update editor and writer for Investopedia. She has over ...

If you have a savings account, you might want to know how much you'll earn in interest for parking your cash there. Fortunately, calculating interest on a savings account is not as tough as you ...

Emma Woodward is a personal finance writer with a passion for simplifying tricky financial concepts. She has covered loans, budgeting and credit cards for Bankrate, The Financial Diet, Finch, Gusto ...

You have $100,000 to invest and want a safe way to grow this hefty sum of cash. A certificate of deposit is an option, but how much can you potentially earn on your money if you go this route? Read on ...

Interest earnings here could be substantial, but that's not the only benefit of opening a 2-year CD this September.

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. If ...

A no-penalty CD is more flexible than a traditional CD. Learn how it works to see if it's right for your savings.

Interest is one of the ways lenders make their money, and it’s what makes it worth it for them to give out loans. If you’re borrowing money, interest is the cost the bank charges you for the service.

A certificate of deposit (CD) can be a valuable savings tool -- if used correctly. It's meant to lock up your money for a set time, giving you a fixed interest rate in return. But what happens if you ...