CDs Continue to Be a Safe Haven From Economic Turmoil

Today's top CDs offer APYs as high as 4.50%. Jose Luis Pelaez Inc/Getty Images The economic headlines are enough to make anyone dizzy. Tariffs have been put into effect, tweaked and paused. The stock market has swung wildly. As a money editor who keeps a close eye on the news, I've watched it all happen in real time. And as a person who lives in this economy, it's left me searching for a way to shield my money from the chaos. One tried-and-true method experts recommend is putting some of my cash in a certificate of deposit. Unlike the stock market, CDs promise guaranteed returns because your rate is locked in when you open the account. Your returns will never go down, your money is safe thanks to federal deposit insurance. Up until recently, I've been prioritizing using extra cash to build my emergency fund. This is money I can access at any time if an unexpected expense crops up. But now that I have a comfortable amount in my high-yield savings account, I can look into other places ... Read full article.