As we navigate through the ever-changing financial environment, the Federal Reserve Board announced at their September meeting that they are dropping rates by half a percentage point. Leading up to their announcement savers have been securing high-rate CDs. In September, over 15% of CD shoppers searched for 6-month CDs on CD Valet. With the yield …
What if your savings could grow your wealth and drive positive social change? Community Development Financial Institution (CDFI) certificates of deposit (CDs) make this possible. CDFIs can be surprisingly high-rate payers for CDs and while some offers are geographically restricted, there are also nationwide CDFIs with attractive rates that are worth a look. A CDFI …
CD Valet Ratewatcher: The Top CDFI CD Rates of August 2024 Read More »
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 …
CD Valet Ratewatcher: The Best 3-Month CD Rates For July 2024 Read More »
As savers wait for the eventual drop in rates, CD Valet data shows that a growing number of CD shoppers are on the hunt for longer-term CDs. In the past three months, almost 20% of savers have been shopping for 36-month rates. A means to maximize your retirement savings or sock away money for a …
CD Valet Ratewatcher Top 36-Month Rate Picks of the Week Read More »
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 …
CD Valet Ratewatcher Top 6-Month Rate Picks of the Week Read More »
