As the federal funds rate decreases, you can expect CD rates at many banks to follow suit, and vice-versa. Right now, the federal funds rate is the federal funds rate is likely to keep declining ...
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Passionate about financial literacy and inclusion, she has a decade of experience as a freelance ... over a fixed period of time, or term. CDs are a good savings option to park money for a few ...
But now that the Federal Reserve has been cutting rates, CD yields are dropping too ... Sharon Wu, a senior writer with over a decade of experience, specializes in consumer-focused content ...
In response, CD rates fell; it's likely that CD rates will continue to fall throughout 2025. Now's a great time to lock in a high CD rate before interest rates fall again. At Business Insider ...