Will a CD still be worth it after the Fed cuts rates ... - CBS News

Aug 15, 2024 · Still, the Fed's initial rate cut is expected to be modest, so even if CD rates fall, they're unlikely to fall dramatically. As a result, CDs and high-yield savings accounts should …

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Why You Should Open A CD Even As The Fed Continues To Cut Rates

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Nov 5, 2024 · Remember, CD interest rates follow what the Fed does but they don't mirror it directly. As such, you can still find a CD with a rate close to 5% right now. And additional cuts …

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Will CDs Still Be Worth It If Rates Drop? - CBS News

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Inflation has come down quite a bit over the last year or so — dropping from a peak of over 9% … It might not be that way for long, though. The Fed has hinted that three potential rate cuts are on the horizon for this year, and according to the CME Group's FedWatch Tool, those could come at the bank's March or May meeting.When that does happen, interest rates on certificates of deposit (CDs) will fall, too. This begs th… Start exploring your CD options online now to see how much more you could be earning on your money.

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Will CDs Still Be Worth Opening After The Fed Cuts Interest Rates?

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May 29, 2024 · Once the Fed cuts rates, CD rates should follow suit. So while it may be possible to snag a 5% APY on a 12-month CD right now, after the Fed's first rate cut hits, that may be …

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Will CDs Still Be Worth It After The Fed Cuts Rates? - The Motley Fool

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Aug 27, 2024 · Will CDs Still Be Worth It After the Fed Cuts Rates? Published on Aug. 27, 2024 ... short-term CDs offering APYs over 5.00% after the Fed cuts rates in September. ... end of the …

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Are CDs Still A Good Investment After The Fed Rate Cuts?

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Oct 14, 2024 · It's finally happened. After months of speculation, the Federal Reserve has cut rates by 0.5%. This is likely the first of several rate cuts, which will come as a relief for borrowers.

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Lock In Your CD Rates Now. The Fed's Expected To Cut Rates In 10 …

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Sep 9, 2024 · Capitalize on high interest rates: Best current CD rates The average one-year online CD yield as of Aug. 24 was 4.97%, down from this year’s peak of 5.35% in early …

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Some CD Rates Are Rising Back Up Again Weeks After The Fed Cut …

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5 hours ago · After 2 Fed rate cuts, some CD rates are climbing back up above 4% APY ... CD rates are still lower than short-term CD rates overall. But this trend indicates that it might be …

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Should You Open A CD Or Savings Account Before The Fed Cuts

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Jan 30, 2024 · After raising the benchmark interest rate to a range between 5.25% and 5.50% last summer — the highest it's been in decades — the Fed held steady and kept rates unchanged …

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The Fed Is Finally Lowering Interest Rates. Should You Buy A CD …

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Sep 19, 2024 · It's been a good year to have money in a savings account or a CD. The Federal Reserve's benchmark interest rate has been at recent peak levels of 5.25%-5.50% since …

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Interest Rates Are Paused. Here's Why You Should Open A CD

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Dec 13, 2023 · Let's say you put $10,000 into a 1-year CD today at a rate of 5.5%. In one year, you'd have earned $550 in interest. If you wait six months to open one and rates drop to …

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3 Big Reasons To Open A CD Account Before The Holidays - CBS News

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5 days ago · CD rates are still high. Fortunately for savers, CD rates are still high, especially compared to historical norms. Average yields on 3-month CDs hovered below 1.00% in 2020 …

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FAQs about Will a CD still be worth it after the Fed cuts rates ... - CBS News Coupon?

Are CDs still worth the money?

Compared to the minimal 0.46% you'd earn with the average savings account, then, it becomes clear that CDs are still valuable, even if they're not quite as worthwhile as they were a year ago. But a series of rate cuts, which have now started, will affect CD rates, too. ...

How will the FED's rate cut affect CD rates?

Though the top high-yield savings account rate has been holding near a 20-year peak, today's rate cut will push most banks to lower their rates. Since CDs offer a rate guarantee into the future, the best CD rates had already been drifting lower ahead of the Fed's move. Today's cut will accelerate that decline. ...

Should you put money in a CD if the Fed cuts rates?

Edited By Angelica Leicht August 15, 2024 / 10:11 AM EDT / CBS News Putting money into a CD could still make sense if the Fed cuts rates, but there could also be better bets. Getty Images/iStockphoto While inflation has been cooling over the last few months, it has remained higher than the Federal Reserve's 2% target rate for the last few years. ...

Is a CD a good investment right now?

While this is a distinct disadvantage in an economy in which rates continually rise, it's a major benefit now in the face of multiple rate cuts on the horizon. And considering that rates on CDs with terms of 18 months or longer are in the 4% to 5% range still, it makes sense to deposit $5,000, $10,000, or more into one of these accounts right now. ...

Are CD and savings account rates going down?

Though it's true that CD and savings account rates will decline as a result of the Fed's interest-rate cuts, it's also true that the rates they're currently paying are exceptionally high in a historical sense. As you can see below, today's top CD rates across terms range from 4.32% to 5.25%. ...

Are CDs still a good option?

CDs are still a good option because you can still find top CDs offering yields in the 4% and 5% range. That's significantly higher than savings account rates, which currently have an average APY of 0.45%. Should rates drop while your money is in a CD account, you'll continue to benefit from your fixed yield. ...