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Is It Too Late To Lock In a CD Before the Fed Cuts Rates?
Is It Too Late To Lock In a CD Before the Fed Cuts Rates?
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BTCCSquare news:
The Federal Reserve is poised to cut interest rates this week, a MOVE that will likely depress yields on savings accounts and certificates of deposit. Savers still have a narrow window to lock in today's elevated CD rates, with top nationwide offerings paying over 4% APY. These guaranteed returns will remain fixed even as the Fed reduces its benchmark rate further in December and beyond.
High-yield savings accounts currently offer 4-5% returns, but those rates are expected to decline in lockstep with Fed policy. The central bank's anticipated quarter-point cut follows September's reduction, marking the beginning of a broader easing cycle through 2025. For investors seeking yield, the calculus is clear: act now or accept diminishing returns.
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