Top Reasons to Start Investing in Certificates of Deposit (CDs) Now
Wednesday, 15 May 2024, 13:30
Benefits of Investing in CDs
If you have never bought a CD before, now is the perfect time to start considering it. Rates are near record highs, with short-term CDs offering around 5% and minimal risk, thanks to FDIC insurance.
Top Three Reasons to Invest in CDs:
- High CD Rates: Currently, CD rates are exceeding 5%, offering a lucrative return on investment.
- Inflation Protection: CDs can help protect against inflation by outpacing the current rate, preserving your buying power.
- Looming Rate Drops: Act now before competitive rates disappear as the Federal Reserve is expected to lower interest rates, affecting CD rates.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.