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With Savings Rates Dropping, This CFP Still Doesn’t Recommend This Type of CD [CNET]

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Article updated on Sep 27, 2024

A long-term CD guarantees interest years from now, but there’s a catch.

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Robin Hartill, CFPDashia MildenCourtney Johnston

Written by 

Robin Hartill, CFP

Robin Hartill, CFP

Contributor

Robin Hartill is a Florida-based Certified Financial Planner and a longtime financial editor and writer. Her work regularly appears on The Motley Fool, Yahoo! Finance and Nerdwallet. Previously, she wrote the syndicated Dear Penny personal finance advice column. She is a graduate of the University of Florida.

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Edited by 

Dashia Milden

Dashia is a staff editor for CNET Money who covers all angles of personal finance, including credit cards and banking. From reviews to news coverage, she aims to help readers make more informed decisions about their money. Dashia was previously a staff writer at NextAdvisor, where she covered credit cards, taxes, banking B2B payments. She has also written about safety, home automation, technology and fintech.

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Courtney Johnston

Courtney Johnston

Senior Editor

Courtney Johnston is a senior editor leading the CNET Money team. Passionate about financial literacy and inclusion, she has a decade of experience as a freelance journalist covering policy, financial news, real estate and investing. A New Jersey native, she graduated with an M.A. in English Literature and Professional Writing from the University of Indianapolis, where she also worked as a graduate writing instructor.

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CNET staff — not advertisers, partners or business interests — determine how we review the products and services we cover. If you buy through our links, we may get paid.

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Our Experts

Robin Hartill, CFPDashia MildenCourtney Johnston

Written by 

Robin Hartill, CFP

Robin Hartill, CFP

Contributor

Robin Hartill is a Florida-based Certified Financial Planner and a longtime financial editor and writer. Her work regularly appears on The Motley Fool, Yahoo! Finance and Nerdwallet. Previously, she wrote the syndicated Dear Penny personal finance advice column. She is a graduate of the University of Florida.

See full bio

Edited by 

Dashia Milden

Dashia is a staff editor for CNET Money who covers all angles of personal finance, including credit cards and banking. From reviews to news coverage, she aims to help readers make more informed decisions about their money. Dashia was previously a staff writer at NextAdvisor, where she covered credit cards, taxes, banking B2B payments. She has also written about safety, home automation, technology and fintech.

See full bio

Courtney Johnston

Courtney Johnston

Senior Editor

Courtney Johnston is a senior editor leading the CNET Money team. Passionate about financial literacy and inclusion, she has a decade of experience as a freelance journalist covering policy, financial news, real estate and investing. A New Jersey native, she graduated with an M.A. in English Literature and Professional Writing from the University of Indianapolis, where she also worked as a graduate writing instructor.

See full bio

CNET staff — not advertisers, partners or business interests — determine how we review the products and services we cover. If you buy through our links, we may get paid.

Reviews ethics statement

Why You Can Trust CNET Money

Anna N’Jie-Konte, CEO of Poder Wealth Advisors

Anna N’Jie-Konte/CNET

Robin Hartill, CFP

Robin Hartill is a Florida-based Certified Financial Planner and a longtime financial editor and writer. Her work regularly appears on The Motley Fool, Yahoo! Finance and Nerdwallet. Previously, she wrote the syndicated Dear Penny personal finance advice column. She is a graduate of the University of Florida.