You can earn over two times the national average APY by going with a CD that pays a highly competitive rate. For instance, depositing $25,000 into a one-year CD that earns a 4.25 percent APY will ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...