David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less.

You can put certificates of deposit (CDs) into an individual retirement account (IRA), but whether you should or not depends on your personal investment goals, retirement time frame, and risk ...

As simple and profitable as CDs are, they come with one caveat: Many CDs charge early withdrawal penalties. If you withdraw money from your account before it matures, the issuer typically charges ...

CDs and high-yield savings accounts both earn more than traditional savings accounts. CDs require you to lock in your money for the duration of your term. Fluctuating interest rates play a key ...

Not all CDs are created equal, though. Some offer better rates, others more flexibility and some offer a happy medium between the two, so it can be tough to determine which option you should choose.