Key Insights on CD Accounts for January 2025 - PRESS AI WORLD
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Key Insights on CD Accounts for January 2025

share-iconSaturday, January 11 comment-icon1 week ago 8 views
News sources:
cbsnewsCBSNEWS
Key Insights on CD Accounts for January 2025

Credited from: CBSNEWS

  • Timing is crucial for opening CD accounts, especially as rates have been high and may decline later this year.
  • Interest rates are expected to remain high for January, providing a favorable window for opening CD accounts before potential drops.
  • Long-term CDs may offer more value than short-term options, despite lower interest rates, allowing greater earnings over time.
  • Caution is advised as lenders could reduce CD rates ahead of formal Federal Reserve rate actions in March or May.
  • Current rates are still beneficial, and delaying decisions could lead to missed interest-earning opportunities.

For the full article, visit CBS News.

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