If you want a safe way to grow your savings, certificates of deposit (CDs) might be a great choice.
CDs currently offer about the same annual percentage yields (APYs) as high-yield savings accounts. The difference is that CDs have fixed rates until they mature. That means you can lock in today’s APY for up to five years.
Here’s a simple guide to help you make the most of CDs.
This post originally appeared at The Motley Fool.