The Federal Reserve lowered the federal funds rate twice this year. As a result, deposit account rates are on the decline. The good news: You can lock in a competitive return on a certificate of deposit (CD) today and preserve your earning power. In fact, the best CDs still pay rates above 4%. Read on…
Today’s certificate of deposit (CD) interest rates are some of the highest we’ve seen in more than a decade thanks to several rate hikes by the Federal Reserve. However, the Fed finally cut its target rate this month, so now could be your last chance to lock in a competitive rate. CD rates vary widely…
As interest rates begin to fall following the Fed’s recent rate cuts, it’s more important than ever to ensure you’re earning a competitive rate on your savings. One option you may want to consider is a money market account (MMA). These accounts are similar to savings accounts — they offer interest on your balance, but…
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Many experts predict that the Federal Reserve will lower the federal funds rate this week. If that happens, deposit account rates will begin to fall as well. The good news: You can lock in a competitive return on a certificate of deposit (CD) today and preserve your earning power. Read on for a snapshot of…
For the first time since March 2020, the is expected to lower the this week — and there . Rate cuts can be cause for celebration, particularly if you’re planning to buy a home or pay off debt. But you can also expect to earn less interest on bank deposits and some investments. In other…