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When investing in a CD is worth it. One of the biggest reasons to use CDs is for security.You don’t have to worry about losing your principal because the money is usually held in an insured account.
For instance, if you open a six-month CD with a 5.00% interest rate today and three months from now, the interest rate drops to 4.75%, your rate of 5.00% will not change. National CD Deposit ...
Image source: The Motley Fool/Upsplash. In case you didn't catch the news, on Nov. 7, the Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point.
For example, if you open a 12-month CD at 4% APY today, you'll keep earning that 4% for your full term, even if rates drop to 3.5% or 3% a few months from now. Think of it like locking in a good ...
Today, high-yield CDs are offering very competitive rates. On The Ascent's list of best CD rates , many are paying above 5.00% -- with some as high as 5.15%. The last time yields were this high on ...
Image source: The Motley Fool/Upsplash. High interest rates have been a boon to CD savers, with the best CD rates hovering around 4% to 5% for a while. But the Federal Reserve Board just announced ...
A CD can be a good choice right now if you’re looking to lock in a high yield before rates decline any further. You’ll continue to earn the fixed yield, even if the going rates drop on new CDs ...
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