Rates on C.D.s are the highest they’ve been in years. Here’s how to take advantage.

The saving method can work well for known upcoming expenses.

View in browser|nytimes.com Continue reading the main story January 12, 2024 Interest rates on certificates of deposit — where you lock up money for a specified period in exchange for a guaranteed rate of return — are the highest they've been in years. But since the Fed signaled that it might cut borrowing costs, C.D. rates could follow. Thomas Fuchs Here are situations in which C.D.s could work for you, and how to take advantage. → Sign up for the Your Money Newsletter Every week, get tips on retirement, paying for college, credit cards and the right way to invest. Get it in your inbox Continue reading the main story ADVERTISEMENT Continue reading the main story Need help? Review our newsletter help page or contact us for assistance. You received this message because you signed up for updates from The New York Times. To stop receiving From The Times, unsubscribe. To opt out of other promotional emails from The Times, including those regarding The Athletic, manage your email settings. To opt out of updates and offers sent from The Athletic, submit a request. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018