Are you saving up for a big purchase in the near future? If so, a jumbo CD could help you earn more interest on your balance. Jumbo CDs are similar to traditional CDs, except you'll need a big minimum deposit — anywhere from $25,000 to $100,000 or more — to open one. Sure, you can leave all your cash in a savings account, where the average annual percentage yield (APY) is just 0.46%. But with the right jumbo CD, your deposit can earn over 5%. See our picks for the best CD accounts available today. How d ...

Want to earn a higher interest rate on a certificate of deposit (CD)? A callable CD can help — sort of. A callable CD is a type of CD that typically provides a higher starting APY. However, the high rate is only guaranteed for a set period of time after you open the account — sometimes as little as three months. After the initial period ends, the CD issuer can "call" or close the account, even if the maturity date is still years in the future. Here’s what you should know about callable CDs and whether th ...