A no-penalty certificate of deposit is a type of CD that charges no fee for withdrawing money before the term expires. It offers more flexibility than other CDs. Strict editorial guidelines to ...

The savings account covers short-term emergencies, while the CD serves as a secondary layer of liquidity that grows steadily.” Deciding between a no-penalty CD and a high-yield savings account ...

A no-penalty CD is a special type of certificate of deposit that allows you to withdraw your money before the CD's term ends without paying a fee. It's more flexible than a traditional CD but ...

A no-penalty CD yields better savings rates than a standard ... "It's a good idea for everyone to have emergency savings to cover expenses during an unforeseen event," he says.