APY APY stands for Annual Percentage Yield, which is the actual rate of return per year, including compound interest. The APY is typically the rate you'll see featured for the CD you're considering.

See our CD penalty calculator and a list of banks’ penalties to find out what an early withdrawal costs. Many, or all, of the products featured on this page are from our advertising partners who ...

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 ...

Breaking a certificate of deposit (CD) before it matures typically costs you money — but sometimes paying the early withdrawal penalty makes financial sense. The most common situation when breaking a ...

What Happens When Your Alliant Certificates of Deposit Matures? Alliant Certificates of Deposits automatically renew for the same term upon maturity, unless you change the renewal option during your ...

What Happens When Your Teachers Federal Credit Union CD Matures? Teachers Federal Credit Union CDs automatically renew upon maturity. Once your CD matures, you will have a seven-day grace period to ...

A certificate of deposit can give you some much-needed security in an economy that feels anything but certain. Your CD rate is fixed when you open the account, so your returns are guaranteed for the ...