If you’ve considered opening a CD to grow your savings, it might be a good time — as long as you can leave your money alone for a while
|11/29/2019||Posted by BusinessMediaguide.Com under General World News||
- Interest rates on savings accounts and certificates of deposit (CDs) closely follow the Federal funds rate.
- Now might be a good time to open a CD and lock in a fixed interest rate to grow your savings, if you can part ways with your money for at least a year to earn over 2% APY.
- The Federal Reserve is expected to either keep interest rates steady or make further cuts in the first half of 2020.
- A high-yield savings account will still help you grow your money if you need more immediate access to it, but your APY will drop if read more >>>