Review
Updated
Fact Checked
Nathan Alderman
The best certificate of deposit (CD) rates help your money grow in a stable, FDIC-insured environment. And don't tell your savings account, but CD rates are often competitive with the best savings account rates.
However, there is a trade-off: To get these great CD interest rates, you have to agree not to withdraw your money for a certain amount of time. Keep reading to compare the best CD rates and get answers to your top CD questions.
3 Featured CDs for April 2024
Short on time? Here are a few of our favorite CDs:
- Capital One 360 CD, 10 Months: 5.10% APY (Min. Deposit: $0)
- Barclays Online CD, 1 Year: 5.00% APY (Min. Deposit: $0)
- Discover® Bank CD, 1.5 Year: 4.40% APY (Min. Deposit $2,500)
Rates as of April 25, 2024
| Bank & CD Offer | APY | Term | Min. Deposit | Next Steps |
|---|---|---|---|---|
Member FDIC.
| APY: 5.10% | Term: 10 Months | Min. Deposit: $0 | |
Member FDIC.
| APY: 5.00% | Term: 1 Year | Min. Deposit: $0 | |
Member FDIC.
| APY: 4.40% | Term: 1.5 Year | Min. Deposit: $2,500 | |
| APY: 5.05% | Term: 1 Year | Min. Deposit: $1 | |
Member FDIC.
| APY: 4.50% | Term: 1 Year | Min. Deposit: $500 | |
Member FDIC.
| APY: 4.80% | Term: 6 Months | Min. Deposit: $0 | |
Member FDIC.
| APY: 4.60% | Term: 1.5 Year | Min. Deposit: $500 | |
Member FDIC.
| APY: 4.65% | Term: 2 Year | Min. Deposit: $1,500 | |
Member FDIC.
| APY: 3.90% | Term: 5 Year | Min. Deposit: $0 | |
Member FDIC.
| APY: 4.90% | Term: 1.5 Year | Min. Deposit: $1,000 | |
|
Member FDIC.
| APY: 3.90% | Term: 5 Year | Min. Deposit: $0 | |
Member FDIC.
| APY: 4.95% | Term: 6 Months | Min. Deposit: $500 | |
| APY: 5.15% | Term: 1 Year | Min. Deposit: $2,500 |
|
Sorry, we didn't find any CDs that meet those criteria.
How to compare the best CD rates
Ready to get started, but not sure how to compare CD rates? Here are some of the things to keep an eye out for:
- A high APY: This is how much you'll earn in interest.
- Daily compounding interest: Want more money in interest? Look for a high-yield CD account with daily compounding.
- Low early withdrawal penalties: You'll pay a penalty to withdraw your funds ahead of schedule. The amount of this penalty should be outlined in a CD's fee schedule.
- Low or no fees: Fees with high-yield CDs aren't common (except for early withdrawal penalties), but it's always good to check.
A deeper dive into the best CD rates
Capital One 360 CD: Best for banking convenience
Rates as of April 25, 2024
APY = Annual Percentage Yield
Capital One 360 CD
Bottom Line
Backed by Capital One's well-known brand, the Capital One 360 CDs offer competitive rates across many common terms, though they're stronger in durations of a year or longer. There's no minimum deposit, so savers can benefit even if they don't have a large sum to deposit. Check Capital One's web site for the most up-to-date rates.
MINIMUM DEPOSIT $0
| 6 Mo. APY | 9 Mo. APY | 10 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|---|---|---|---|
| 4.25% | 4.25% | 5.10% | 4.80% | 4.45% | 4.00% | 4.00% | 3.95% | 3.90% |
Barclays Online CD: Best for no minimum deposits
Rates as of April 25, 2024
APY = Annual Percentage Yield
Barclays Online CD
Bottom Line
Barclays offers competitive rates on most common CD terms with no minimum balance requirements. There are no monthly fees, so you likely won't lose money unless you try to withdraw your funds early. The only common CD term missing is a six-month CD -- in fact, there's no CD term less than one year, but those interested in building longer-term CD ladders will find plenty to like here.
MINIMUM DEPOSIT $0
| 6 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|---|---|
| 5.00% | 5.00% | 4.50% | 4.00% | 3.50% | 3.50% | 3.75% |
Discover® Bank CD: Best for creating a CD ladder
Rates as of April 25, 2024
APY = Annual Percentage Yield
Discover® Bank CD
Bottom Line
Discover has a higher minimum balance requirement than some of its competitors, but its rates are competitive and you don't have to worry about getting hit with any fees unless you withdraw funds via wire transfer or choose to withdraw from your CD before it reaches its maturity date. It also offers some unique term lengths, including CDs as short as three months and as long as 10 years.
MINIMUM DEPOSIT $2,500
| 3 Mo. APY | 6 Mo. APY | 9 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 30 Mo. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY | 7 Yr. APY | 10 Yr. APY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.00% | 4.25% | 4.25% | 4.70% | 4.40% | 4.00% | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% | 3.75% |
Western Alliance Bank CDs: Best for maximum APY
Rates as of April 25, 2024
APY = Annual Percentage Yield
Western Alliance Bank CD
Bottom Line
Western Alliance offers some of the highest APYs we've seen across short-term CDs, low $1 minimums, and relatively low withdrawal penalties without any additional fees. But you will need to look elsewhere for terms longer than one year.
MINIMUM DEPOSIT $1
| 3 Mo. APY | 5 Mo. APY | 6 Mo. APY | 9 Mo. APY | 1 Yr. APY |
|---|---|---|---|---|
| 5.26% | 5.30% | 5.23% | 5.15% | 5.05% |
Quontic CDs: Best for unique banking perks
Rates as of April 25, 2024
APY = Annual Percentage Yield
Quontic CDs
Bottom Line
Quontic Bank offers CDs with terms ranging from six months to five years. It offers most of the terms one would expect, though it is missing a four-year CD, so it may not be ideal for those hoping to build a CD ladder. Its rates are competitive, especially on its longer term CDs, and its minimum deposit is more affordable than what you see with some other top banks.
MINIMUM DEPOSIT $500
| 6 Mo. APY | 1 Yr. APY | 2 Yr. APY | 3 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|
| 5.05% | 4.50% | 4.50% | 4.40% | 4.30% |
Synchrony Online CD: Best for unique CDs
Rates as of April 25, 2024
APY = Annual Percentage Yield
Synchrony Online CD
Bottom Line
Perhaps one of the lesser-known names on the list, Synchrony is a full-line bank with a 90-year history. Synchrony's CDs are notable for competitive rates at most term lengths, plus low or no minimum deposits.
MINIMUM DEPOSIT $0
| 6 Mo. APY | 9 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|---|---|---|
| 4.80% | 5.25% | 4.80% | 4.50% | 4.20% | 4.15% | 4.00% | 4.00% |
Marcus by Goldman Sachs High Yield CD: Best for variety of term lengths
Rates as of April 25, 2024
APY = Annual Percentage Yield
Marcus by Goldman Sachs High Yield CD
Bottom Line
Savers have the potential to create effective CD ladders through Marcus, as it provides competitive rates through the most common CD terms. The minimum deposit is $500 and withdrawal penalties are moderate compared with competitive banks.
MINIMUM DEPOSIT $500
| 6 Mo. APY | 9 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY | 6 Yr. APY |
|---|---|---|---|---|---|---|---|---|
| 4.80% | 4.90% | 4.90% | 4.60% | 4.20% | 4.15% | 4.05% | 4.00% | 3.90% |
Bread Savings CD: Best for high-balance CDs
Rates as of April 25, 2024
APY = Annual Percentage Yield
Bread Savings CD
Bottom Line
Comenity Direct CDs (the bank behind Bread Savings) are available in many of the most popular terms, making it a flexible high-yield CD to consider for differing needs. There's also no monthly maintenance fee. But its $1,500 minimum deposit is a little steeper than what some of its competitors charge.
MINIMUM DEPOSIT $1,500
| 1 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|
| 5.25% | 4.65% | 4.25% | 4.15% | 4.15% |
Ally High Yield CD: Best for automatic renewal
Rates as of April 25, 2024
APY = Annual Percentage Yield
Ally High Yield CD
Bottom Line
Ally High Yield CDs are notable for saver-friendly features like no minimum deposits and lower-than-average withdrawal penalties (though you're still better off holding through your CD term!). The rates are generally not at the very top of the market, but they tend to not be far off.
MINIMUM DEPOSIT $0
| 3 Mo. APY | 6 Mo. APY | 9 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 3 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|---|---|
| 3.00% | 4.40% | 4.45% | 4.65% | 4.45% | 4.00% | 3.90% |
Alliant CD: Best for a high APY
Rates as of April 25, 2024
APY = Annual Percentage Yield
Alliant CD
Bottom Line
Alliant offers CD rates across common terms that stack up well with other banks on this list. The credit union's rates hold up better than most though over the longer terms, so for savers interested in locking in rates for multiple years, Alliant could be a good home for your money. Note that the minimum of $1,000 is on the higher end for this list.
MINIMUM DEPOSIT $1,000
| 6 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|---|---|
| 4.75% | 5.15% | 4.90% | 4.30% | 4.20% | 4.05% | 4.00% |
Prime Alliance Bank CD: Best for medium-term CDs
Rates as of April 25, 2024
APY = Annual Percentage Yield
Prime Alliance Bank CD
Bottom Line
The rates on Prime Alliance Bank's CDs are decent enough, but you can find better. However, the relatively low $500 minimum deposit makes these more available to the everyday saver -- or someone looking to build a CD ladder.
MINIMUM DEPOSIT $500
| 6 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|---|---|
| 4.95% | 4.95% | 4.75% | 4.50% | 4.25% | 4.00% | 4.00% |
LendingClub CDs: Best for high balances
Rates as of April 25, 2024
APY = Annual Percentage Yield
LendingClub CD
Bottom Line
LendingClub CDs don't skimp on interest, offering competitive APYs for all six of their CD terms, from six months to five years. They're also FDIC insured. One downside is that you'll need to commit at least $2,500 to open an account.
MINIMUM DEPOSIT $2,500
| 6 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|---|
| 5.00% | 5.15% | 5.00% | 4.50% | 4.30% | 4.00% |
Recent news on CD rates
As of May 2024, CD rates remain close to their highest level in several years. The Federal Reserve increased the benchmark federal funds rate 11 times from March 2022 through July 2023 to slow inflation, and while CD rates aren't directly linked to this rate, they tend to move in the same direction.
But the federal funds rate has held steady since then. Some banks have already begun gradually reducing their CD rates, though the difference is small compared to the drops expected later in the year.
For now, short-term CD rates -- those with terms between six and 24 months -- remain higher than long-term CD rates. This isn't typical. Short-term CD rates are generally more dependent on the current interest rate environment while long-term CDs reflect future expectations. When the expected rate cuts ramp up, we will likely see a return to the traditional pattern where long-term CDs offer better rates.
How will CD rates change in 2024?
To be perfectly clear, nobody can predict future CD rates with accuracy. They tend to move in the same direction as benchmark interest rates like the federal funds rate, but they aren't directly linked and banks have some discretion to set their own rates.
Having said that, the most recent projection from the policymakers at the Federal Reserve is for three 0.25% cuts to the federal funds rate in 2024 and several more in 2025. If this were to happen, it would likely put downward pressure on CD rates. In short, while nobody knows for sure, CD rates are likely to fall between now and the end of 2024.
What is a certificate of deposit (CD)?
A certificate of deposit (CD) is a type of FDIC-insured deposit account offered by many banks and credit unions that usually has a fixed interest rate over a certain number of months or years. CD interest rates are often higher than what you find with most savings accounts, but they carry the stipulation that you must not touch the money until the CD term is over. If you withdraw the funds early, you pay a penalty, though some banks allow a CD loan (a loan secured by the money you already have in your CD).
How does a CD work?
You deposit a certain amount of money into a high-yield CD and agree not to touch it for the length of the CD term in exchange for a high rate of interest that's usually locked in for the full term. Your bank pays that interest monthly or quarterly, and when the CD term is up, you may withdraw the funds and spend them, place them in a savings account, or put them in another high-interest CD.
Withdrawing your funds before the CD term ends results in a penalty -- usually several months' worth of interest. The earlier you withdraw the funds, the larger your penalty will be.
Alternatives to CDs
CDs are appealing if you're trying to earn a high APY on your savings, but the fact that you cannot touch your money for a set amount of time can be too constraining for some people. If you don't think a high-yield CD is a great fit for you, perhaps one of these accounts would work better.
Savings accounts vs. CDs
High-yield savings accounts offer interest rates that are comparable to the highest CD rates. Plus, savings accounts have fewer restrictions on what you can do with your money. You're able to put money in, transfer it to a checking account, or withdraw it almost whenever you want (though withdrawals are often limited to six a month, per Regulation D).
Below are some examples of high-yield savings accounts.
Money market accounts vs. CDs
Money market accounts are a hybrid of checking and savings accounts. They offer interest rates similar to high-yield savings accounts and certificate of deposit rates. In addition, money market accounts often give you a debit card and check-writing capabilities. That means, with a money market account, you can directly withdraw funds from your account at your convenience.
This might be a better option than a high-yield savings account or a CD if you anticipate needing to take money directly out of your account.
You can find our top picks on our Best Money Market Accounts page.
High-yield savings account comparison
We recommend comparing high-yield savings account options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of standout accounts.
Show Best Offers Available in
| Account | APY | Promotion | Next Steps |
|---|---|---|---|
Rating image, 4.75 out of 5 stars.
4.75/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
up to 4.60%
Rate info
You can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
|
New customers can earn up to a $300 bonus with qualifying direct deposits!
|
|
Rating image, 4.75 out of 5 stars.
4.75/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
5.05% APY for balances of $5,000 or more
Rate info
5.05% APY for balances of $5,000 or more; otherwise, 0.25% APY
Min. to earn: $100 to open account, $5,000 for max APY
|
N/A
|
|
|
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
4.35%
Min. to earn: $0
|
New customers can earn a $200 bonus with a minimum $25,000 qualifying deposit. Terms apply.
|
How to compare CD rates
When you're looking for the best CD rates today, don't forget to consider these things:
CD term
The CD's term is the length of time you agree to not touch your money. It can range from one month on the short end to six years or more on the long end. Most range from six months to five years. You'll often find the longer the CD term, the higher the interest rate.
Minimum deposit
While some of the highest CD rates have no minimum deposit, others may require a few hundred to a few thousand dollars. Some jumbo CDs may have five-figure minimum deposit requirements.
How interest is paid to you
Most CDs add the interest you earn to your account balance, but some give you the option to have your interest paid directly to you. If you go this route, you can reap some of the benefits of your high-yield CD immediately. But bear in mind that if you leave the money in your account instead, you can earn interest on your interest, which leads to more money overall.
FDIC or NCUA insurance
CD accounts offered by banks should carry FDIC insurance so your money is protected up to $250,000 per person per account. NCUA does the same thing for share certificates offered by credit unions. Most high-yield CDs will have the appropriate insurance, but it pays to be sure.
How often rates are raised
Step-up and bump-up CDs occasionally raise your rates. If you're interested in one of these, pay attention to how often you or the bank can increase the rate when you compare CD rates.
Whether it's callable
Some CDs are callable, which means the bank can call it back from you at some point and reissue you a new CD, possibly at a lower rate.
TIP
What happens at the end of your CD term
Some banks automatically enroll you in a new CD of the same term length unless you specify that you want to do something different. It's usually a bad idea to let your bank open a new CD for you. Watch out for this and make sure you tell your bank what you want to do with your money instead.
Which banks have the best CD rates?
Online banks overwhelmingly offer the best CD interest rates when compared to larger brick-and-mortar traditional banks. In fact, some of our favorite online banks' current CD rates are multiple times higher than what you'd find with a national bank.
We've rarely seen a reason to invest in CDs with a brick-and-mortar national bank, especially when online banks offer the same FDIC insurance protection. CD interest rates at online banks tend to be higher.
If looking to compare CD rates, we suggest reviewing some of the current rates on CDs at the following financial institutions:
Who is a CD right for?
CDs can be smart choices for savers who won't need access to their cash anytime soon and want to lock in a high yield for a certain amount of time. A CD can be a better choice than a savings account for money you won't need anytime soon, as savings account yields can fluctuate significantly over time, while CD yields are guaranteed for the entire term.
Conversely, CDs are generally not a good idea for money that you might need in the near future. Most CDs assess a penalty if you decide to withdraw money before the maturity date, and they generally don't allow partial withdrawals.
Pros and cons of CDs
Like any financial product, there are advantages and disadvantages when it comes to putting money into a CD. Before deciding if a CD is a good idea for you, it's important to make sure the pros outweigh the cons, so here are lists of each.
Pros
- CDs lock in a fixed interest rate for a certain amount of time.
- CDs are FDIC insured for as much as $250,000 per person, per bank.
- CDs often have higher interest rates than high-yield savings accounts.
- Some CDs allow you to withdraw the interest paid at any time, as long as you leave your initial deposit in the account.
- CDs come in a variety of term lengths.
Cons
- CD interest is a form of taxable income.
- You'll incur early withdrawal penalties if you need the money before the CD matures.
- Many CDs automatically renew unless you act.
Other CD term lengths to consider
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Article sources
Our CDs methodology
At The Motley Fool Ascent, certificates of deposit (CDs) are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.
The Ascent tracks just standard CDs, not IRA, bump up, callable, and other less popular CD accounts. CD rates displayed on this Best CD Rates pages are comprised of both the highest CD rates in The Ascent’s universe of tracked rates and featured placements from advertisers. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list.
Learn more about how The Motley Fool Ascent rates bank accounts.
Banks we monitor
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Here are the 100+ financial institutions we've evaluated in our research:
Alliant, Ally, All America Bank, American First Credit Union, American Express® National Bank, Arvest Bank, Aspiration, Axos Bank, B2 Bank, Bank of America, Bank5 Connect, Bank7, Barclays, Bask Bank, Betterment, Bluevine, BMO, Bread Financial, Capital One, Carver Federal Savings Bank, Charles Schwab Bank, Chase, Chime, CIT, Citibank, Citizens Bank, Citizens Savings Bank, Columbia Bank, Connexus Credit Union, Consumers Credit Union, Copper, Cross River Bank, Customers Bank, Discover® Bank, E*TRADEEdward Jones, EverBank, Fidelity, Fifth Third Bank, First Foundation Bank, First Internet Bank of Indiana, First National Bank, First Tech Federal Credit Union, Flushing Bank, Freedom Bank, Generations Bank, GN Bank, Golden 1 Credit Union, Greenlight, Harborstone Credit Union, HSBC, Huntington Bank, Ivella, Kabbage by American Express, KeyBank, Laurel Road, LendingClub, Liberty Bank, Liberty Federal Credit Union, Marcus by Goldman Sachs, Mercury, Municipal Credit Union, Mutual of Omaha, NASA Federal Credit Union, Nationwide Bank, Navy Federal Credit Union, NBKC Bank, New York Community Bank, Northpointe Bank, Novo, OceanFirst Bank, Old National Bank, ONE Finance, OneUnited Bank, Oxygen, Pacific Western Bank, PNC Bank, Ponce Bank, Popular Direct, Presidential Bank, Prime Alliance Bank, Quontic, Radius, Raisin, Redneck Bank, Regions Bank, Relay, Republic Bank of Chicago, Revolut, Salem Five Bank, Sallie Mae, Santander Bank, SchoolsFirst Federal Credit Union, Simple, SoFi, Synchrony Bank, Tab Bank, TD Bank, Third Federal, Truist Bank, U.S. Bank, UFB, Upgrade, USAA, Valley Bank, Vanguard, Varo Bank, Vio Bank, Wealthfront, Wells Fargo, Western Alliance Bank, and Zeta.
FAQs
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Using a CD for an emergency fund is safer than putting it in the stock market. However, it's not as flexible as a savings account. If you withdraw money from a CD before the term is over, you will have to pay an early withdrawal penalty. Typically, it amounts to several months of interest earned, depending on the bank and the CD's term.
Other options for an emergency fund are a savings account, high-yield savings account, or a money market account.
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If you invest $10,000 in a 1-year CD at a 5.00% APY, it would make $500. The amount you will earn depends on your CD rate. To calculate this yourself, multiply the amount you plan to deposit by the APY that the CD offers.
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A good CD rate in 2024 is about 4.50% or higher for a 1-year term. Some of the best CDs offer an APY of 5.00% or more on 1-year CDs. Rates like these are much higher than the national average, and you can normally only find them at online banks.
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Yes. CD deposits are covered by FDIC insurance, which insures depositors for up to $250,000 per person per bank. In the event of a bank's insolvency, this insurance would kick in and cover any lost funds up to that amount.
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Your CD rate is typically fixed for the term of the CD, unlike savings accounts, where your rate will adjust over time. Specialty CDs like bump-ups have rates that can adjust during the CD term.
Our Banking Experts
Kailey Hagen has been writing about small businesses and finance for almost 10 years, with her work appearing on USA Today, CNN Money, Fox Business, and MSN Money. She specializes in personal and business bank accounts and software for small to medium-size businesses. She lives on what's almost a farm in northern Wisconsin with her husband and three dogs.
Matt is a Certified Financial Planner™ and investment advisor based in Columbia, South Carolina. He writes personal finance and investment advice for The Ascent and its parent company The Motley Fool, with more than 4,500 published articles and a 2017 SABEW Best in Business award. Matt writes a weekly investment column ("Ask a Fool") that is syndicated in USA Today, and his work has been regularly featured on CNBC, Fox Business, MSN Money, and many other major outlets. He’s a graduate of the University of South Carolina and Nova Southeastern University, and holds a graduate certificate in financial planning from Florida State University.
Fact Checked
Nathan Alderman
Nathan Alderman has worked with The Motley Fool since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As The Ascent's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.
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Charles Schwab is an advertising partner of The Ascent, a Motley Fool company. American Express is an advertising partner of The Ascent, a Motley Fool company. Ally is an advertising partner of The Ascent, a Motley Fool company. Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. Bank of America is an advertising partner of The Ascent, a Motley Fool company. SLM is an advertising partner of The Ascent, a Motley Fool company. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Citigroup is an advertising partner of The Ascent, a Motley Fool company. Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. HSBC Holdings is an advertising partner of The Ascent, a Motley Fool company. Synchrony Financial is an advertising partner of The Ascent, a Motley Fool company. Kailey Hagen has no position in any of the stocks mentioned. Matt Frankel has positions in Ally Financial, American Express, Bank of America, and Wells Fargo. The Motley Fool has positions in and recommends Axos Financial, Bank of America, Charles Schwab, Goldman Sachs Group, JPMorgan Chase, PNC Financial Services, Target, and U.S. Bancorp. The Motley Fool recommends Barclays Plc, Discover Financial Services, and HSBC Holdings and recommends the following options: short June 2024 $65 puts on Charles Schwab. The Motley Fool has a disclosure policy.