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.

The interest-earning potential with either account is significant now, but only one will guarantee those returns.

Today's highest CD rate is 4.94% for CD. CD rates from online banks are commonly twice as high as the national average rates.

If you have a large amount of money to deposit, today's best jumbo CD rate is 4.35% APY, offered by Veridian Credit Union.

With Federal Reserve rates remaining mostly stable until recent months, savers largely reaped the benefits of high returns on their money, including with certificates of deposit (CD) accounts. While ...

Find the highest APY available by comparing online banks and credit unions and looking for promotional terms. Build a CD ladder to take advantage of today's rates without locking all your money up for ...

A certificate of deposit, often called a CD at banks or a share certificate at credit unions, provides an easy and profitable savings vehicle if you’re holding on to money for a specific event. With ...

There are two big benefits to opening a CD instead of sticking to a regular savings account. First, CD rates tend to be higher than savings account rates because you're making a commitment to keep ...