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

Aug 27, 2024 · The current federal funds rate is 5.33% so, relatively speaking, a quarter-point cut isn't huge. You're still likely to find plenty of competitive short-term CDs offering APYs over …

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

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

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Oct 14, 2024 · 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. For savers, it …

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Is It Worth Putting Money In A CD Right Now? - The Motley Fool

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Nov 15, 2024 · As a result of the Fed's rate cuts, CD rates have come down. Earlier this year, it was easy enough to find a CD paying 5%. Nowadays, you're most likely looking at a rate in the …

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Boost Your Savings Today: Understanding CD Interest Rates - The …

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3 days ago · Why CD rates go down after Fed rate cuts At its latest meeting on Nov. 7, 2024, the Federal Reserve cut its effective federal funds rate by 0.25%. This rate cut made the effective …

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Here’s What CD Rates Looked Like The Last Time The Fed

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2 days ago · CD rates typically follow the direction of the federal funds rate. Though unlike the last time the fed funds rate was 4.50%-4.75% in 2023, CD rates will go down, not up.

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

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The current federal funds rate is 5.33% so, relatively speaking, a quarter-point cut isn't huge. You're still likely to find plenty of competitive short-term CDs offering APYs over 5.00% after …

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

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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. For savers, it means the high ...

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Here's What Will Happen If You Put $10,000 In A 12 Month CD Today

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4 days ago · After two Fed rate cuts, you might be surprised to learn that top banks are still offering 12-month CDs with rates of 4% or more. For example, Discover® Bank is offering a 1 …

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3 Reasons To Open Another CD Before The End Of 2024 - MSN

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But you can still snag a CD in the 4% range, which is a pretty good deal in its own right. For a 12-month CD and a $10,000 deposit, a 4.5% rate puts $450 in your pocket.

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How High Could CD Rates Go In 2025? - The Motley Fool

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3 days ago · Assuming banks follow any Fed cuts, top rates on a 1-year CD, for example, might drop from around 4% to 3.25% to 3% next year. However, it won't happen quickly. And the …

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The Fed Just Cut Rates -- But You Might Be Surprised By How …

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Unlock a bonus worth $250 and pause interest into 2026 – this credit card is the perfect combo! Learn more here. This was just the first Fed rate cut after a long series of rate increases, and ...

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You Might Be Shocked How Much More Online Savings Accounts …

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5 days ago · The Fed's cuts lowered the federal funds rate by a total of three-fourths of a percentage point (0.75%), but the benchmark interest rate still sits well above the peak of the …

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3 Ways To Keep Earning 5% Returns After The Fed Cuts Rates

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1. Pay down credit card debt. If you carry a balance on your credit card, you could be paying 20% to 25% or more in interest. Fed rate cuts will likely mean those rates dip a little.

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FAQs about Will CDs Still Be Worth It After the Fed Cuts Rates? - The Motley Fool Coupon?

Did the Fed cut CD rates all at once?

But as mentioned, the Fed didn't cut rates dramatically all at once, so it's likely that the short-term CD rates being offered by the best online banks aren't that much lower than they were before the Fed's rate cut. Long-term CDs tend to not follow the Fed's move as closely. ...

Will a FED rate cut make CD accounts less attractive?

While a Fed rate cut may seem to make CD accounts less attractive, there's a compelling case to be made for opening one now while the benefits are still significant. Here are three reasons why you should: CD interest rates are still relatively high right now, with today's rate cut already priced in by many lenders. ...

Is a CD a good option if rates fall?

The consensus among experts is that a potential rate cut soon is expected to be minimal to start. Bear in mind that the yields often adjust ahead of Federal Reserve rate decisions, so current CD rates may already reflect an anticipated rate cut. Consequently, a CD could still be an excellent option for guaranteed returns even if rates fall. ...

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. ...

Are CD rates still competitive?

The good news, though, is that CD rates are still pretty competitive right now, even after the Fed's large September rate cut. You may want to open a CD sooner rather than later, though, since rates are only likely to go down from here. ...

What's the story behind the best CD rates?

Let's look at the story behind the best CD rates and why you might (or might not) want to open a CD soon. At its latest meeting on Nov. 7, 2024, the Federal Reserve cut its effective federal funds rate by 0.25%. This rate cut made the effective federal funds rate 4.50% to 4.75%. ...