Federal Reserve rate hikes, such as Wednesday’s 0.25 percentage point increase, can result in higher annual percentage yields on certificates of deposit, or CDs. Some online-only banks have already increased their rates after the Fed’s recent hikes. If you own a CD — often called a share certificate by credit unions — here’s a look at what...
from NerdWallet
https://www.nerdwallet.com/blog/banking/cds-fed-rate-increase/
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