When comparing a High-Yield Savings Account (HYSA) and a Certificate of Deposit (CD), it is important to understand that each is designed to meet different savings needs. While High-Yield Savings Accounts often offer rates that exceed those of traditional savings accounts, those rates are variable and can rise or fall as market conditions change. As...Read More

The big banks and brokerages are “calling” high-rate CDs! Do you know what that means? CD rates are falling, but you locked in a nice high-rate CD with a big bank or brokerage firm, so you think your returns are safe, right? Don’t bet on it! Many high-rate CDs are “callable,” meaning the big bank...Read More