Author: Sol Nasisi on September 5, 2007
With it looking likely that the Fed is going to drop rates, now might be a good time to lock in decent returns with some moderate term CDs.
With many predicting that the Fed is going to lower the federal funds rate, now might be the time to lock-in a decent rate on a 1or 2 year CD. It’s possible the mortgage crisis could
When the stock market bubble popped in 2000, the Fed cut rates from 6.5% to a low of 1% and the yields on CDs and Savings Accounts went down with it. The average yield on a 1-year CD was only slightly above 1% four years ago, compared with yields of over 5.5% today.
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