3 Reasons Not to Open a CD Right Now, Even With Rates at 5.30%
The Motley Fool
APRIL 22, 2024
Image source: Getty Images Certificates of deposit (CDs) lock your money up for a specified term in exchange for a fixed interest rate. They can be an excellent way to boost your savings, especially with many of the best CD rates clocking in at around 5%. What's more, if banks reduce CD rates later this year, as many experts predict, getting a long-term CD now could mean earning high interest at a later date when interest rates are much lower.
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