"Maximizing CD Yields: Navigating the Best Rates and Future Expectations"

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Source: MarketWatch
"Maximizing CD Yields: Navigating the Best Rates and Future Expectations"
Photo: MarketWatch
TL;DR Summary

Despite potential interest rate cuts from the Federal Reserve, certificates of deposit (CDs) are still offering high-earning potential in March 2024, with rates exceeding 5.5% APY and some even surpassing 6%. However, experts predict a decline in rates as the year progresses, with potential rate cuts from the Federal Reserve. It's advised to consider locking in high rates now, but also be aware of early withdrawal penalties. Additionally, the article lists the top 10 CDs with the highest rates for March 2024, along with details on accessible options with minimal membership requirements and opening balance thresholds.

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