Marcos Cabello is a financial journalist with five years of experience translating complex money matters into clear, actionable insights for readers. His reporting has been featured on CNET, NextAdvisor, and the Academic Times, where he has covered the full spectrum of personal finance topics—from insurance and investing to emerging trends like cryptocurrency. Marcos has developed a strong track record for explaining Federal Reserve policy decisions and their real-world impact in ways that empower individuals to make informed choices.
Before joining Bankrate, Marcos attended law school, where he honed his analytical skills before returning to his first passion: storytelling. His work blends legal precision with an accessible writing style, helping readers navigate financial decisions with confidence.
When he’s not behind the keyboard, Marcos can often be found playing video games, practicing magic tricks, publishing videos on TikTok and Instagram or diving into creative writing projects.
Saving money in today’s economy isn’t easy — especially if you’re just starting out. But with a plan, a strong savings account and steady contributions, you can start building your nest egg little by little.
— Marcos Cabello, J.D.
Wells Fargo offers special and standard rate CDs. The special rates require you to deposit at least $5,000. The standard rates require you to deposit $2,500. You can also earn bonus rates on these CDs if you link a Wells Fargo Prime Checking or Portfolio Account.
Ally Bank offers three flavors of CDs: traditional CDs, no-penalty CDs, and raise your rate CDs. Here's what these CDs pay savers.
Looking for a high-yield savings account without a minimum deposit requirement? American Express provides a solid option.
Capital One offers competitive rates on a range of CD terms. You won’t have to worry about any minimum deposits.
Discover Bank offers a variety of CD terms that pay competitive yields. Here are the rates Discover offers on its CDs.
Marcus by Goldman Sachs offers CDs across numerous terms — from six months to six years with just $500 being needed to open an account.
Truist Bank, the financial-services giant born out of the merger of SunTrust and BB&T, offers two CDs with competitive yields.
Ally’s money market account offers a high APY, no minimum deposit or monthly fee.
