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While CDs will most likely continue to make sense in 2025, if you want to get the best rate on your money, the time to act is now. The Federal Reserve's next scheduled meeting of 2024 is set for ...
Image source: The Motley Fool/Upsplash. There's a reason CDs have been a pretty popular savings option this year. For much of 2024, it was possible to lock in a 5% CD.
That means CD rates are likely to be lower in 2025 than where they are today. How low will CD rates get in 2025? In the absence of a crystal ball, that's a tough question to answer. But based on ...
Image source: Getty Images. For most of 2024, certificates of deposit (CDs) had been offering their highest rates in decades. If you shopped around, you could get a CD with a 5.50% APY or higher.
Before 2023, CD rates had been fairly level over the previous 10 years, save for a spike in 2017 and 2018, when the Fed raised rates to protect the job market from inflation. By 2019, rates were ...
While CDs provide an amazing level of security by virtue of being FDIC insured, there's an investment that I'm confident will allow me to earn far more money over the next five years: The S&P 500.
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