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2. The Fed rate cut: 5 ways lower rates will affect your wallet

   www.aol.com/finance/what-does-fed-rate-cut-mean...

   2. Certificates of deposit (CDs) Certificate of deposit (CD) rates usually follow the Fed’s lead, but with an important twist. APY rates for new CDs normally adjust soon after Fed rate changes.

3. Wells Fargo Review 2024: Multiple checking and saving ... - AOL

   www.aol.com/finance/wells-fargo-review-2024...

   Compare more CD rates: Best 6-month CD rates. Best 1-year CD rates. Best 3-year CD rates. Best 5-year CD rates. Other services Wells Fargo offers. Besides its multiple checking accounts, savings ...

4. Best CD rates for September 16, 2024 - AOL

   www.aol.com/best-cd-rates-today-risk-free-apys...

   The CME FedWatch Tool, which measures market expectations for Fed fund rate changes, projects a 65% chance that the Fed will cut rates to a range of 4.75% to 5.00%, with a 35% chance the Fed will ...

5. Money market fund - Wikipedia

   en.wikipedia.org/wiki/Money_market_fund

   A money market fund (also called a money market mutual fund) is an open-end mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper. [1] Money market funds are managed with the goal of maintaining a highly stable asset value through liquid investments, while paying income to investors in the form of ...

6. Federal funds rate - Wikipedia

   en.wikipedia.org/wiki/Federal_funds_rate

   The interest rate that a borrowing bank pays to a lending bank to borrow the funds is negotiated between the two banks, and the weighted average of this rate across all such transactions is the effective federal funds rate. The Federal Open Market Committee regularly sets a target range for the federal funds rate according to its policy goals ...

7. 7-day SEC yield - Wikipedia

   en.wikipedia.org/wiki/7-day_SEC_yield

   The 7-day SEC Yield is a measure of performance in the interest rates of money market mutual funds offered by US mutual fund companies. It is also referred to as the 7-day Annualized Yield. [1] The calculation is performed as follows: Take the net interest income earned by the fund over the last 7 days and subtract 7 days of management fees.