Savers have endured historically low interest rates for the past several years, so even a minor upward move raises hopes of capturing slightly greater returns. Federal Reserve rate hikes, like the 0.25 percentage point raise on Dec. 14, can lead to higher annual percentage yields on certificates of deposit, or CDs. If you own a CD — often called...
from NerdWallet
https://www.nerdwallet.com/blog/banking/cds-fed-rate-increase/
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