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Image source: Getty Images. For most of 2024, certificates of deposit (CDs) had been offering their highest rates in decades. If you shopped around, you could get a CD with a 5.50% APY or higher.
The CD rate forecast for 2025 has become a bit muddled. When the Fed began dropping interest rates in 2024, it projected — as did most analysts — that it would continue to make cuts in 2025.
Of course, as the new year progresses, CD rates could fall in line with future rate cuts from the Fed. But if you have a CD you opened in early 2024 that's coming due in early 2025, you may be ...
For much of 2024, it was possible to lock in a 5% CD. And while rates have fallen slightly over the past month following the Federal Reserve's September benchmark interest rate cut, many CDs are ...
It's a two-part prediction. Impact on shorter-term CD rates. First, shorter-term CDs (say, 18 months or shorter) tend to track current benchmark interest rates.
Image source: Getty Images. Certificates of deposit (CDs) have been a popular savings tool over the past year because rates have been high. But the whole reason CDs -- and savings accounts-- were ...
Economists are keeping a close eye on inflation and labor reports amid speculation as to timing of future cuts to the Fed rate, with data indicating sticky inflation from a peak of 9.1% in June ...
Economists are keeping a close eye on inflation and labor reports amid speculation as to timing of future cuts to the Fed rate, with inflation data indicating a continued decline from a peak of 9. ...
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