CD Rates Hit 6.5%: Lock in $1,000+ Interest Now Before Expected Rate Cuts
• CD rates are high now, with 6.5% readily available, allowing savers to earn hundreds of dollars in interest • Factors like deposit amount, CD term length, and bank used influence interest earnings • With a 6.5% CD, you could earn over $1,000 interest on a $20K deposit in 12 months • CD rates are locked, unlike variable rates on high-yield savings accounts • Experts predict rate cuts this year, so acting now locks in high returns for months ahead