Certificates of Deposit (CDs) can be a reliable and safe way to grow your savings. They generally pay a lower interest rate -- stated as an annual percentage yield (APY) -- than non-insured investments such as stocks and bonds.
Use this CD calculator to calculate the value of your CD at maturity, and see how factors such as the term and interest rate can affect the value when you cash it in.
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Fifty years ago, it wasn’t at all unusual for an individual to work his or her entire adult life for the same company. Today, however, by the time they reach age 50, the average baby boomer will have held nearly twelve different jobs.1 As a result, many people find themselves juggling multiple legacy retirement accounts that they’ve maintained at previous employers.