Top Out Your Savings: How CDs Can Earn You Over 6% Interest

CD rates are currently around 6%, allowing savers to earn significantly more interest than regular savings accounts.

With a $5,000 CD at 5.5% interest, you could earn $135.66 in 6 months.

Consider the compound interest schedule when choosing a CD - interest may compound daily or at end of term.

Look for top rates but also check for penalties, fees, and early withdrawal policies that could reduce earnings.

Online banks tend to offer the highest CD rates, so compare options to find the best terms.