"Maximizing Your Earnings: Seizing the Best CD Rates in Today's Market"

1 min read
Source: CBS News
"Maximizing Your Earnings: Seizing the Best CD Rates in Today's Market"
Photo: CBS News
TL;DR Summary

With interest rates on the rise, now is a great time to consider opening a Certificate of Deposit (CD) account, with some offering rates as high as 7%. A 6% CD interest rate could earn various amounts based on different deposits over a 12-month period, ranging from $30 for a $500 deposit to $1,200 for a $20,000 deposit. It's advisable to shop around and consider online lenders for better options, as traditional savings accounts are currently yielding low returns that may not keep pace with inflation.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

3 min

vs 4 min read

Condensed

86%

61386 words

Want the full story? Read the original article

Read on CBS News