Navigating the Fluctuating CD Rates: What You Need to Know.

Banks are offering high rates on certificates of deposit (C.D.s) and online savings accounts to attract deposits, but it's unclear how long the high rates will last. Savers looking for high yields may want to lock in C.D. rates soon. Creating a C.D. ladder can maximize interest earned while allowing periodic availability of funds. The Federal Deposit Insurance Corporation generally protects up to $250,000 per depositor, per insured bank. To avoid early withdrawal penalties with C.D.s, check the fine print before opening the account.