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Long Term Cd

All articles tagged with #long term cd

personal-finance2 years ago•3 min saved

Maximize Your Savings with High-Yield CDs in 2024

Opening a long-term certificate of deposit (CD) in 2024 could be a smart financial move as interest rates are currently high, but expected to decrease in the future. By locking in a fixed rate, your money can earn significant interest over the CD term, while the principal remains safe and protected by the FDIC. However, keep in mind that early withdrawal penalties may apply, so ensure you're comfortable with the funds being inaccessible for the entire term.

via CBS News|

#fdic #financial-planning #interest-rates

personal-finance2 years ago•3 min saved

Maximize Your Savings with Long-Term CDs Amidst Interest Rate Uncertainty

With interest rates on pause, savers have an opportunity to open a long-term certificate of deposit (CD) account with high interest rates. Rates on long-term CDs are currently higher than short-term ones, making it a favorable option for savers. By locking in a high rate now, savers can earn substantial interest and protect their funds even if rates drop in the future. Opening a long-term CD provides predictability and higher returns compared to regular savings accounts. However, it's important to act quickly as rates may not last forever.

via CBS News|

#federal-reserve #financial-options #interest-rates

personal-finance2 years ago•3 min saved

Maximize Your Savings with Long-Term CDs and Top Rates.

Opening a long-term CD now can be a smart financial decision for savers due to the possibility of interest rates having peaked. By locking in a high rate for three to five years, savers can earn interest at that rate regardless of what happens in the larger rate environment during that time. Long-term CDs also offer predictability and can be laddered against one another to give savers flexibility. High-yield savings accounts and CDs are both offering exponentially higher interest rates than regular accounts, making them attractive savings vehicles.

via CBS News|

#financial-planning #interest-rates #investing