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Short-Term CDs Offer Competitive Yields Amid Expected Fed Rate Cuts
Short-Term CDs Offer Competitive Yields Amid Expected Fed Rate Cuts
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BTCCSquare news:
Short-term certificates of deposit (CDs) continue to dominate the savings landscape, with top nationwide offers yielding between 4.32% and 4.45% APY. PenAir Credit Union leads the pack with a five-month CD at 4.45%, but these rates may not last. Markets anticipate Federal Reserve rate cuts later this month and again in December, likely pushing CD yields lower.
Locking in now ensures savers can capitalize on today's higher rates before they decline. The window of opportunity is narrowing—top APYs often vanish overnight. For those with liquidity to spare, short-term CDs provide a rare chance to secure attractive returns without long-term commitments.
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