Maximize Your Savings: Lock in Top CD Rates Before Fed Meeting

With the Federal Reserve likely to cut interest rates at its December meeting, savers are advised to open long-term certificates of deposit (CDs) now to lock in current high rates. As rates on high-yield savings and CDs have started to decline, securing a fixed rate before potential further cuts can ensure better returns. Additionally, opening a CD can help prevent holiday overspending due to early withdrawal penalties, making it a strategic financial move before the Fed's anticipated rate cut.