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 ...

"A no-penalty CD can be a great option over a high-yield savings account if you know you won't need to touch the money for a set period of time but want to keep it relatively safe from stock ...

CNBC Select will update as changes are made public. A no-penalty CD, also known as a penalty-free CD or a liquid CD, is a type of certificate of deposit that allows you to lock in a good savings ...

A no-penalty CD can still be valuable, on the other hand, for those savers who want to lock in a fixed return, even if they're not sure of their ability to keep the funds intact for the full term.

Yet which is better comes down to your deposit amount, need for access and savings goals. A no-penalty CD lets you earn a fixed interest rate on your savings without locking up your money.

No-penalty CDs give you ... reduce your interest earnings. Most CD options require a single deposit and don’t allow additional deposits, so you’ll need to gather your funds before opening ...