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This article is by staff writer Lisa Aberle.

What do you do when you want to pay off your debt but you calculate it will take 25 years to do so on your current income? Well, if you’re Adrienne Dorison, you start a side business and start shoveling yourself out of debt faster! Another reason to get out of debt Before her income grew, though, she still had a large student loan when she…


This article is by staff writer William Cowie.

Originally, this was to be a two-part series discussing the pros and cons of buying a home as opposed to investing. The purpose wasn’t to pick a winner or loser, per se. (After all, one of the main tenets of Get Rich Slowly is that you really should do what works for you.) Instead, the purpose was to highlight the strengths and weaknesses of both options…


This article is by staff writer Honey Smith.

So you’re thinking to start a side gig. Congratulations! Whether you are trying to pay off debt or just trying to fully fund your savings account, a side gig can help you reach your financial goals. But be aware: There is a grain of truth to the old adage, “You have to spend money to make money.” Exactly how much money are we talking? The cost…


Part of an effective financial strategy includes maximizing your earnings while balancing your need for liquidity -- and a certificate of deposit, or CD, is one way to accomplish that goal. You can easily monitor the best CD rates and terms currently available in the table below plus the rates of more than 500 financial institutions (banks, credit unions, savings banks, and savings and loan associations).

TermRateAPYMin. To Earn APYDetails
5 year2.42%2.45%$10,000
5 year2.30%2.33%$1,000Term Share Certificate - 60 Months (1825 days) - Must be a member - County of Los Angeles, CA
5 year2.30%$50059 month - Membership is available, but not limited to select employer groups or those who live, work,or worship, attend school or regularly do business in Boyle, Breckenridge, Grayson, Hart, LaRue, Meade, Nelson or Taylor County. See website for additional eligiblity criteria.
5 year2.25%2.27%$5,000Share Certificate - contact Melrose CU for opening paperwork - Must be a member
5 year2.23%2.25%$1,500Yield Pledge CD
5 year2.25%$1CD - 60 Month
5 year2.18%2.20%$060 Month Online CD
5 year2.15%2.17%$1,00060 month CD
5 year2.12%$5,000Certificate of Deposit Accounts, New York Branch - for CD 5 years and above
5 year2.08%2.10%$2,50060 Month -Nationwide - apply online
5 year2.08%2.10%$1,000Apply at a branch
5 year2.08%2.10%$50060 Month CD - Less than $100,000 - Rate collected within: 10025 (NY)
5 year2.01%2.05%$1,000
5 year2.03%2.05%$1,00060 Month CD. IL market area only
5 year1.98%2.00%$2,500
5 year2.00%$500Online CDs
5 year1.98%2.00%$500Tiered interest rate - between $500 and $25,000 - must be a member and reside in Texas, Colorado or Utah - apply online - Rate collected within: 78203 (TX)
5 year2.00%$2,000Direct Online Certificate of Deposit (CD) - 60 Months
5 year2.00%$0High-Yield CD - Apply online - Rate collected within: CA
5 year1.99%2.00%$500Central New York market area only
5 year1.99%2.00%$1,000
5 year2.00%$50058 Month CD
5 year1.95%2.00%$500Rate collected within: NY
5 year1.95%2.00%$500Rate collected within: NJ
5 year1.95%2.00%$500Rate collected within: CT
5 year2.00%$10,000Rate available with active checking account - membership is available nationwide - may become a member and open account online - contact credit union for details - credit union located in Wisconsin
5 year1.98%2.00%$500Open online - Maximum deposit amount $1,000,000
5 year1.95%$50060 Month CD - for balances in Tier $0-$9,999
5 year1.93%1.95%$1,00060 month term - Balances of $1000-$89,999 - Account must be opened in branch - Accounts are available within: WA, OR, ID, UT, AZ, NV, TX and NM
5 year1.91%1.91%$1,000
5 year1.86%1.90%$500
5 year1.85%1.87%$1,00060 Month CD
5 year1.80%1.81%$10,000eCD rates for online account only
5 year1.80%1.81%$2,00060 month CD - For balances of $100,000 or more contact credit union for rates. Membership is open to those who live, work, worship or attend college in one of the following Michigan counties: Saginaw, Bay, Midland, Genesee, Gratiot, Shiawassee and Tuscola.
5 year1.78%1.80%$1,000Online CD
5 year1.79%1.80%$1,0005 Year CD Tier $1,000-$2,499
5 year1.78%1.80%$50060 Month Promotion CD
5 year1.78%1.80%$5,000Callable Relationship - 60 Month with 1 year lock. Rate collected within AL.
5 year1.75%1.77%$1,00060 Month CD
5 year1.75%1.76%$500Membership is limited to employees of the air transportation industry, as well as those who live or work in select counties of the Minneapolis/St. Paul, MN, metro area
5 year1.75%1.76%$5,000
5 year1.75%1.76%$5005 Year CD - Must be a member of O Bee Credit Union
5 year1.73%1.75%$500Apply at a branch - New York
5 year1.74%1.75%$50060 Month CD - Apply Online
5 year1.75%$1,000APY for balances $1,000 - $49,999 - apply online
5 year1.73%1.75%$1,000
5 year1.73%1.75%$5,00060 month CD
5 year1.70%1.71%$50060 Month CD - Tier $500 - $4,999
5 year1.69%1.70%$1,000Lake City considers its trade area to be within a 30 mile radius of Lake City, MN and reserves the right to reject any deposit or application outside the trade area.
5 year1.70%$060 month CD. Bank by phone or online only

Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.

Identifying the best CD rates It is important to think through how best to use a certificate of deposit in your overall financial plan, but it starts with understanding your goals and how a CD can help you reach them. Interest rates change constantly, so having up-to-date rate information is critical to identifying the best CD rates and terms to make the most of your investment. We have made the whole process easier in a…


This article is by staff writer Honey Smith.

There’s a popular, little myth going around that being frugal means that every penny must be pinched or saved in an online high-yield savings account and that, as a result, it’s not okay to splurge once in a while. But a more balanced approach could make it easier to stick to a spending plan, thereby making your long-term financial success more likely. To be clear, though,…


This article is by staff writer William Cowie.

[This is the third installment of a three-part series examining index funds. In Part I, we looked at the managed mutual fund market. In Part II, we looked at how an index is calculated and what an index fund is. In this installment, we'll consider how to evaluate index funds and where to buy them.] Despite that managed mutual funds still dominate the mutual fund landscape,…


This article is by editor Linda Vergon.

It’s the end of summer and some of us are going back to school, trying to learn more, become more. Others are already established in their professions, working to build the life of their dreams. Maybe you’re someone that got knocked down and have to build your dreams over again. Maybe you started out the year with a resolution, a goal, or a purpose to achieve. Where…


This article is by Kayla Sloan.

[Kayla Sloan is a millennial on a mission to delete her debt. She writes about her journey to financial success at shoeaholicnomore.com. She put this terrific video together as part of her discussion about mastering personal finance concepts too!] Nothing worth doing in life is easy. Have you ever heard that saying? I grew up with my dad preaching that to me, and I know I’m better person…


This article is by staff writer Holly Johnson.

The path toward retirement and financial independence usually involves buying a home and investing for retirement and the future. But, what if you had to choose? William Cowie posed this question to me recently and asked which path I would take to financial independence if given the option. My answer: I would invest for the future and forgo the house in a New York minute. Let’s…


This article is by staff writer Honey Smith.

Recently, I wrote about meal planning and delivery services. Most of the meal delivery services that I found were priced similarly per meal to most of the fast-casual restaurants in my area. To me, at least, that’s rarely worth it, especially when you consider that with, many such services, you still have to do the cooking yourself. One reason a service like that might be worth…


This article is by staff writer William Cowie.

[This is the second installment in a series examining index funds. In Part I, we looked at the managed mutual fund market. In this installment, we will look at how an index is calculated and what an index fund is. In Part III, we'll consider how to evaluate index funds and where to buy them.] In the first part of this series, we saw that mutual…


This is an article from former GRS staff writer Donna Freedman.

About four in 10 elementary school students bring lunch from home. But it’s not likely to be a good one, according to a 2014 study from Tufts University. Not one of the lunchboxes examined met all five National School Lunch Program standards, and only 27 percent of the meals met at least three NSLP recommendations (fruits, vegetables, low- or nonfat dairy, whole grains,…


This article is by editor Linda Vergon.

If you have the opportunity to go into business for yourself, I would recommend you do it. It’s an experience marked by creativity, ingenuity, and extreme growth. It is one of the most challenging, exciting, rewarding, creative, and scary things you can do in life. At least that was my experience. If you’ve never started your own company, your perspective might be colored by some of the romantic…


This article is by staff writer Lisa Aberle.

Ever feel like your finances are managing you instead of you managing your finances? Late fees pile up, interest charges multiply, and as soon as you find your 401(k) participation paperwork, you’ll fill it out and start participating. If you felt stressed reading that last sentence, you can understand why people choose to automate their finances. The fewer decisions you have to make in a day,…


This article is by staff writer William Cowie.

[This is the first installment in a series examining index funds. We’ll discuss the managed mutual fund market first to form a basis of comparison with index funds. In Part II, we will look at how an index is calculated and what an index fund is. In Part III, we'll consider how to evaluate index funds and where to buy them.] We can’t predict the future…


This article is by staff writer Jacqueline Leppla.

It’s bad enough when some scammer gets your credit card, but what happens when they steal your access to health care? Even worse, what if that person is a member of your family or a member of the health care field we are supposed to trust? It’s not an isolated concern. Medical identity theft represented 42.5 percent of the breaches identified in 2014 according to the…


When the oral surgeon recommended that our daughter have her wisdom teeth removed, we thought we knew what to expect both medically and financially. Morgan’s two sisters underwent this procedure in the past, and we adopted a brave “Let’s get this over with!” attitude as we scheduled her operation. We expected the least painful part of the procedure to be the surgery bill because the girls are covered under both their parent’s dental insurance. It…


This article is by staff writer Honey Smith.

I have always been a big reader. Maybe it’s the fact that I’m introverted — so introverted, in fact, that I almost lost my fourth grade reading challenge. First, you had to go up to the teacher and tell her that you’d read something. Second, after you told her, she gave you a big sticker and you had to go up to your name on the…


This article is by staff writer Ryan Takach.

Imagine a scenario where you’ve got the money to make a large discretionary purchase and you’re given the option to finance it through the retailer at interest or open a credit card with an introductory zero interest rate. What would you do — pay cash or just finance it? I get a lot of credit card offers that go straight to the shredder, but every now…


This article is by staff writer Lisa Aberle.

Have you ever lost a close friend because your financial situations were too different? Maybe your friendship started when you were on similar financial ground, bonding over bowls of ramen noodles, for instance. But once out of college, your first job paid a lot more than theirs did; or perhaps, the shoe was on the other foot — you’re still flipping burgers and your friend is…


We monitor the interest rates being offered by more than 500 financial institutions (banks, credit unions, and savings and loan associations) and display only the top 50 highest rates in the table below. These are weekly updates to help you find the best online high-yield savings account and money market account rates currently available.

Part of an effective financial strategy includes maximizing your earnings while balancing your need for liquidity -- and a certificate of deposit, or CD, is one way to accomplish that goal. You can easily monitor the best CD rates and terms currently available in the table below plus the rates of more than 500 financial institutions (banks, credit unions, savings banks, and savings and loan associations)

GRS is committed to helping our readers save and achieve their financial goals. Savings interest rates may be low, but that is all the more reason to shop for the best rate. Find the highest savings interest rates and CD rates from Synchrony Bank, Ally Bank, GE Capital Bank, and more.

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