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CD Rates in 2024: Predictions, Best Deals, and Savings Opportunities

1 min read
Source: Investopedia
TL;DR Summary

CD rates have reached their highest returns in over 20 years due to the Federal Reserve's efforts to combat high inflation by raising the federal funds rate. However, the future of CD rates is uncertain, with predictions of rate cuts in 2024. CD rates are likely to plateau or decline if the Fed does not implement another rate hike. Banks and credit unions may offer promotional rates to attract customers, but overall, it is a good time to lock in today's high CD rates.

Topics:business#cd-rates#federal-reserve#finance#inflation#interest-rates#savings-accounts
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  1. Will CD Rates Go Up—Or Down—in 2024?  Investopedia
  2. Today's Best CD Rates: Dec. 7, 2023 -- Recent Rate Drops Make Now a Good Time to Open a CD  CNET
  3. 15 top 3-year CDs for December 2023  CBS News
  4. 10 of the highest-paying CDs of December 2023 (up to 6.5% APY)  MarketWatch
  5. Compare and save current CD rates: December 7, 2023  CNN Underscored

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