The best ways to use a CD account

Savers have a range of different account options to choose from, and each has its unique potential benefits and downsides to consider. For starters, there are regular savings accounts, which offer interest payments on the money held in the account. While some interest is better than nothing, the average rate on these accounts is currently just 0.43%, so they aren’t typically the best option for maximizing the returns on your money.

Luckily, there are accounts that offer higher APYs on your money, like certificates of deposit (CD) accounts. When you open a CD, you…