Saver Insights

Taxes and Certificates of Deposit: What You Need to Know 

When do we not think about taxes? We certainly think about taxes when we consider how we invest our money. And taxes are also top-of-mind at the end of the calendar year.    Certificates of Deposit (CDs) have gained popularity this year, given their low risk and high return relative to other options. But as you …

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Ratewatcher Picks July 2024

CD Valet Ratewatcher: The Best 3-Month CD Rates For July 2024

In recent months, more savers may be exploring 3-month CDs, likely due to banks and credit unions offering higher rates for shorter terms before the Federal Reserve possibly drops rates in the coming months. This may reflect a growing preference among savers to remain flexible and responsive to economic fluctuations, especially in a climate where …

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Longer CDs Lower Rates

Highest Rates Don’t Always Mean the Highest Return, Especially in the Current Rate Environment

As the Federal Reserve’s forecast for rate cuts was pushed further into the year, savers continue to have plenty of high-rate CDs to choose from, generally with shorter terms. But are they the better savings choice in the long run, given that economists expect cuts later this year? Short-term CDs (1 year or less) may …

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CD Scams

Don’t Get Had with These Certificates of Deposit Scams

Savers are no strangers to the growing number of fake high-yield CDs offered by scammers. The criminals are getting more savvy at making fake CDs seem legitimate and using them to steal personal and financial information. This makes it more difficult for consumers to decipher whether they’re being tricked or if they’ve found a legitimate …

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Ratewatcher Picks of the Week

CD Valet Ratewatcher Top 6-Month Rate Picks of the Week

Despite the FOMC forecasting three rate cuts in 2024, the Federal Reserve Committee predicts rates as high as 5% sticking around for longer due to the slower-than-expected drop in inflation rates. Higher interest rates have been the Federal Reserve’s strategy to lower inflation. However, despite the most recent report showing April’s inflation rates dropping to …

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