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Short Term Cds

All articles tagged with #short term cds

finance2 years ago•4 min saved

"Exploring the Best Short-Term CD Rates for January 22, 2024"

Short-term CDs are currently offering some of the highest interest rates among interest-bearing accounts, with fixed rates that protect against fluctuations. Some of the best short-term CDs to consider in January 2024 include options from Financial Partners Credit Union, Citizens State Bank, NASA Federal Credit Union, TotalDirectBank, and Forbright, offering APYs ranging from 5.50% to 6.50%. It's important to consider the minimum deposit requirements, early withdrawal penalties, and eligibility criteria before opening a CD to ensure it aligns with your financial goals.

via CBS News|

#finance #financial-institutions #interest-rates

finance2 years ago•4 min saved

"2024 CD Investment Insights: Expert Analysis and Top Rates Revealed"

Experts suggest that opening a short-term CD soon could be a smart move in 2024 due to higher interest rates compared to longer-term CDs, especially for those needing access to the money soon or uncertain about the timeline. However, with potential Federal Reserve rate cuts looming, short-term CD rates are expected to fall. For long-term goals, long-term CDs or a CD ladder may be more suitable, and it's important to shop around for the best rates before opening an account.

via CBS News|

#federal-reserve #finance #interest-rates

finance2 years ago•3 min saved

Comparing CD Interest Rates and Yields in June 2023.

Certificates of deposit (CDs) can offer higher interest rates for savers today, with short-term CDs often having higher rates than longer-term accounts due to the inverted yield curve. Online banks typically offer higher rates than traditional banks, and laddering CDs with varying term lengths can help maximize earnings while still saving for the long-term. Current national average CD rates as of June 5, 2023, include 1-year CD yield at 1.71% APY and 5-year CD yield at 1.22% APY, but top rates from various banks can reach up to 5.10% APY for 6-month CDs and 5.22% APY for 1-year CDs.

via CBS News|

#cd-interest-rates #finance #laddering