A long-term CD offers unique benefits to savers now. But should they rush to open one before the next Fed meeting?
A long-term CD can be advantageous for savers to open now, even if the immediate forecast for additional rate cuts shows them staying static this month. By acting now savers can start earning more ...
In this climate, then, savers should consider moving $10,000 into a certificate of deposit (CD) account ... can't be said for long-term CDs. If you open one at one of the rates noted above ...
The amount of interest you can make by committing to one of today's CDs depends, of course, on the term you choose and the particular CD you open. But using a common investment amount of $10,000 ...