Author name: Allison Sakounthong

Protect and Grow Your RMD: How CDs Can Safeguard Your Retirement Savings 

CD 101, IRA CD, Saver Insights /

In light of the Federal Reserve’s recent interest rate cuts by decreasing the upper range from 4.75% to 4.50%, in December 2024, this may be an opportune time for retirement account holders to reconsider moving their required minimum distribution (RMD) in 2025 into Certificates of Deposit (CDs). Financial institutions are offering competitive CD rates and …

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Gifting a Certificate of Deposit: A Thoughtful and Lasting Holiday Present

Financial Wellness, Saver Insights /

Giving the right gift for the holidays can be a challenge, especially when it comes to kids. You want to give them what they want – a toy, video game, and of course the tried-and-true gift, money — but where’s the fun in just giving them cash? Well, if it’s money they want, a CD …

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Optimistic CD Market Outlook: Post-Election Insights for Financial Institutions

Bank Insights, Industry Updates, Saver Insights /

With inflation still playing a prominent role in economic decisions, the Federal Reserve’s dual mandate to balance price stability and maximum employment continues to influence interest rates. Historically, higher inflation leads to higher interest rates as the Federal Reserve steps in to curb rising prices, according to CD Valet CFO, Bryan Johnson. This dynamic creates …

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Should You Open a CD Before or After 2024 Elections?

Saver Insights /

Presidential election outcomes can, in some cases, affect the broader economy. Prior to the Federal Reserve Board’s most recent rate drop at their September 2024 meeting, Goldman Sachs analysts highlighted two possible scenarios based on potential shifts in leadership. In one, the economy could slow down, which might lead the Federal Reserve to lower interest …

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How IRAs Can Minimize Taxes on Your Retirement Savings

IRA CD, Saver Insights /

Retirement planning is about making strategic decisions to minimize taxes and maximize your savings. Individual Retirement Accounts (IRAs) are powerful tools for achieving this goal, offering unique tax advantages that can significantly enhance your nest egg. Here’s how IRAs can minimize taxes on your retirement savings and recent updates on Required Minimum Distribution (RMD) requirements …

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The Advantages of Opening a CD Today: Don’t Miss Out on Higher Rates

Financial Wellness, Saver Insights /

As interest rates fluctuate, savers are often left wondering when the right time is to lock in a rate with a Certificate of Deposit (CD). With the Federal Reserve signaling potential rate cuts, waiting to open a CD could mean missing out on the higher CD rates available today. Here’s why acting now might be …

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A Guide to Opening an IRA CD

IRA CD, Saver Insights /

Opening an Individual Retirement Account (IRA) CD is a significant step toward securing your financial future. Whether you’re planning for retirement or simply looking to diversify your savings, understanding the essentials of opening an IRA CD is crucial. What is an IRA CD? An IRA CD is a tax-advantaged account designed to help you save …

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Beat the Rate Cut

Beat the Rate Cut: How a CD Can Maximize Your Savings in a Changing Economic Landscape

Financial Wellness, Saver Insights /

As the Federal Reserve strongly hints at impending interest rates this September, millions of consumers with maturing Certificates of Deposit (CDs) are facing decisions that will impact their financial returns. With CDs, savings accounts, money markets, and other liquid savings positioned to see lower returns, now is the time for savers to evaluate their cash …

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