Maximize Your Savings with These CD Accounts as Fed Holds Rates Steady
Maximize Your Savings with These CD Accounts as Fed Holds Rates Steady
With the Federal Reserve holding interest rates steady, it's time to consider locking in your savings with CD accounts. Here are three options to consider:
1. 1-Year CD: With a rate of 4.40%, you can earn just over $4 for every $100 deposited. Lock it in now before lenders reduce their rate offers.
2. 18-Month CD: This top-rated CD comes with a 4.16% interest rate and requires savers to keep their money in the account for an additional six months, earning around $315 upon maturity.
3. 2-Year CD: Lock in a 4.15% rate for two years, earning $423.61 upon maturity. This is the most profitable option, but it will take 24 months to earn it.
Make the most of this opportunity and protect your money in the face of inevitable rate volatility to come.