Federal Reserve rate hikes can lead to higher annual percentage yields on certificates of deposit, or CDs. Some banks have increased their rates after the Fed’s last few hikes. The agency upped the federal funds rate by 0.25 percentage points five times between December 2015 and, most recently, December 2017. If you own a CD —...
The article Fed Rate Hikes: What They’ll Mean for Your CDs in 2018 originally appeared on NerdWallet.
from NerdWallet
https://www.nerdwallet.com/blog/banking/cds-fed-rate-increase/
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