✉news BusinessPersonal Finance first seen 5 d ago, last 5 d ago, peak #7
Fed Holds Steady, But Top CD Rates Keep Climbing
Original: Fed Reaction: Fed Holds Steady, But Top CD Rates Are Already Climbing
The Federal Reserve has kept interest rates unchanged, but banks are still raising yields on top certificates of deposit, according to Yahoo Finance's coverage of the Fed decision. Savers can find CD rates that continue to climb even without a rate hike, suggesting institutions are competing for deposits. Analysts and personal finance writers are pointing savers to lock in elevated rates now.
Why now: Savers are weighing whether to lock in high CD rates after the Fed's latest decision to hold rates steady.
Evidence
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