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.

Thanks to inflation and a higher federal funds rate, certificate of deposit (CD) interest rates have increased exponentially in recent years. CD interest rates barely broke 1% a few years ago. By ...

Investing in a certificate of deposit might be right if you’re not the risky type, as it’s a safe way to grow your money — that is, if you’re willing to leave it in the bank until it matures. Read ...

Building a CD ladder for emergency savings combines security and growth. It is an effective approach that makes sure your funds are accessible when you need them while earning higher interest than a ...

Use our free CD calculator to see how much you can earn with the best certificate of deposit (CD) rates. This can help you select the best option for your long-term financial needs. What is a CD ...

Hanna Horvath is a CERTIFIED FINANCIAL PLANNER™ and Red Venture's senior editor of content partnerships. Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc.

There isn't a set CD opening deposit that works for all; it depends on your goals and finances. When depositing money into a CD, be mindful of any opening requirements or penalties. Make sure you're ...