Wednesday, March 15, 2017

Fed Rate Hike: What It Means for Your CDs

Savers have endured historically low interest rates for the last several years, so even a minor upward move raises hopes of capturing slightly greater returns. Federal Reserve rate hikes, such as the 0.25 percentage point raise on March 15, can lead to higher annual percentage yields on certificates of deposit, or CDs. If you own a CD — often called...



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