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CD rates aren't as high as they were a few months ago. Read on to see whether you should continue to buy them or not.
And while CD rates are now down a bit following the Federal Reserve's mid-September rate cut, many CDs are still paying close to 5%. So all told, it's still possible to get a great deal ...
As of this writing, 9-month CDs with yields of 4.35% or higher are still available from some well-known and top-rated banks, and on the longer-term end of the spectrum, 5-year CD yields of 3.50% ...
A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates. CDs require a minimum deposit and may offer higher ...
Certificates of deposit remain one of the most reliable ways to grow your money with virtually no risk. With today's top CDs still offering impressive yields of up to 4.50% APY, you can lock in ...
Image source: The Motley Fool/Upsplash. Just a few months ago, 5% CDs were pretty easy to find. Unfortunately, the days of 5% CDs are largely behind us.
But while CDs may be risk free in theory, they're not actually risk free in practice. Here's why. 1. You might still lose money to early withdrawal penalties. When you open a CD, you commit to ...
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