Should you open a long-term CD this December? - CBS News

Dec 2, 2024 · Why you should open a long-term CD this December. Here are three major reasons why opening a long-term CD this December could be a smart move: Rates are still competitive.

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Why You Should Open A $10,000 Long-term CD For 2025

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Dec 10, 2024 · The next and final cut of 2024 is widely expected when the Federal Reserve meets again on December 17 and 18. In this climate, ... Why you should open a $10,000 long …

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Why It's Smart To Open A $10,000 CD Before 2025—And

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Dec 17, 2024 · CD News; Why It's Smart to Open a $10,000 CD Before 2025—And Sooner Rather Than Later. By. ... Published December 17, 2024. ... * Though the top CD rate in the 6 …

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Why You Should Open A Long-term CD For 2024 - CBS News

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Dec 15, 2023 · That said, the interest you would earn by opening a long-term CD can be hefty. If you put $10,000 into a 5-year CD with a rate of 4.60% right now, you'd earn a total of …

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Here's Why You Should Open A 12-Month CD - MSN

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If you were to leave that in a 12-month CD with a 5.00% APY, you would earn $500 over the course of your term. That $500 helps your savings keep pace with inflation, something that …

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Why You Should Open A Long-term CD After This Week's Fed Meeting

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Apr 30, 2024 · You can earn 4% or 5% or more on long-term CDs currently, resulting in hundreds and possibly thousands of dollars earned, depending on the term length and the amount …

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If You're One Of The 4.1 Million People Retiring In 2025, Open A CD ...

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1 day ago · Today, one of the best CD rates you can find is 5.50% APY, available from Nuvision Credit Union for an 8-month term on deposits up to $5,000. This competitive rate reflects the …

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Why You Should Open A Long-term CD This October - CBS News

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Oct 1, 2024 · Rates are locked. CD rates are locked. That's a huge benefit in a rate climate that's on the decline. By opening a 2-year CD at that 4.50% rate, for example, you'll be able to …

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FAQs about Should you open a long-term CD this December? - CBS News Coupon?

Should I open a long-term CD?

Start looking at your top CD options online here. A long-term CD generally has a term of over one year. While there are certain factors to consider before you put your money into a long-term CD, opening one could be a good financial move to start the new year. Here's why: Right now, you can get high interest rates on CDs. ...

Should you open a long-term CD before December 18?

Arguably the most important reason to open a long-term CD now, before December 18, is to take advantage of a high, fixed rate for a long time. You can lock in an elevated CD rate before any Fed rate cuts – and keep it for 18 months or 10 years or somewhere in between. ...

Is now a good time to consider a long-term CD?

A long-term CD can be a good fit for money that you won’t need during the CD’s term. Locking in a longer-term CD now could help you preserve purchasing power if rates were to drop in the future. While there’s no guarantee that inflation will stay at elevated levels, it could increase or decrease in the future. ...

Is investing in a long-term CD a good idea?

A long-term CD can be a good fit for money that you won’t need during the CD’s term. Locking in a longer-term CD now could help you preserve purchasing power if rates were to drop in the future. However, depending on your risk tolerance and time horizon, there are other types of investments that might align better with your financial goals. ...

Why might you be glad you opened a longer-term CD now?

If some of your money in high-yield accounts is longer-term money, and rates do decrease in the future, you might be glad you opened a longer-term CD now. People with money in those high-yield accounts have likely seen their yield increase dramatically since around March 2022, when the Fed started raising interest rates. ...

Can a long-term CD help keep up with inflation?

A long-term CD can be a good fit for money that you won’t need during the CD’s term. It can potentially keep up with or even be ahead of long-term inflation, but there’s no guarantee that inflation will stay at elevated levels. ...