The Traderszone Network

Published in TZ Latest News 4 August, 2017 by The TZ Newswire Staff

CD Rates Are Going Up — But Should You Open One?

If you’ve been following the news, you’re probably aware of the recent string of interest rate hikes we’ve seen courtesy of the Federal Reserve. When rates go up, it can impact everything from bond prices to mortgages to credit cards, but what it also usually means is more favorable interest rates for bank deposits. And while savings accounts rates may only be slowly creeping their way upward, certificate of deposit (CD) rates seem to be moving a bit more quickly.

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