Maximizing Your Savings: Preparing for a Fed Rate Hike and Finding the Best CD Rates

As the Federal Reserve is expected to raise interest rates, there are three things you can do to prepare: open a high-yield savings account to earn more interest, lock in a certificate of deposit (CD) to take advantage of high rates, and consider locking in a mortgage rate before rates increase further. These steps can help you maximize your earnings and minimize borrowing costs in a rising rate environment.