There are instances when cashing out your CD account can make sense. Getty Images Certificates of deposit (CD) accounts are a popular investment vehicle, providing the safety of a savings account with increased returns. They require you to lock up your money for a certain period — this is known as the term. During that time, you'll earn a fixed interest rate with the option to withdraw your funds when the CD matures. CDs are unique from other savings and investment tools because they require...

Saving money in a high-yield savings account could be beneficial now that inflation is rising again. Getty Images According to the latest Consumer Price Index (CPI) report from the Bureau of Labor Statistics, inflation rose slightly in January 2025, bringing it to its highest point since June 2024. For many consumers, seeing inflation rise brings back fears of the high inflation from just a couple of years ago, which has undoubtedly impacted families' budgets. And while there's not much you...

Long-term care insurance can help cover the costs of vital services as you age. Roel David Smart/Getty Images As you age, your need for assistance, whether it be at home or in a nursing home or assisted living facility, increases. Given the prevalence of long-term care services being required, it's no surprise that long-term care insurance has become a staple in many financial plans. It provides coverage for a broad range of healthcare services, from skilled nursing care to therapies to...

Credit card rates could fall in the next few months, experts say, but there's certainly no guarantee that will happen. Getty Images Credit card interest rates and balances have been on a roller coaster over the past several years, and inflation has been a key contributing factor. For example, in November 2024, the latest month for which the Federal Reserve provides data, the average credit card interest rate sat at about 22%, up considerably from a low of about 15% during the...