"Spring 2024 CD Interest Forecast: Maximizing Returns and Locking in High Rates"

1 min read
Source: CBS News
"Spring 2024 CD Interest Forecast: Maximizing Returns and Locking in High Rates"
Photo: CBS News
TL;DR Summary

Financial experts have varying predictions for CD account interest rates in spring 2024. Some anticipate further rises, while others expect rates to remain steady or drop later in the year due to potential Federal Reserve interest rate cuts. It's advised to consider foreseeable expenses and choose a CD term aligned with specific savings goals, as higher rates are currently available but accessibility to funds may be limited.

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