Lock In High Returns with a 5-Year CD Before Rates Potentially Drop
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You could earn over $6,000 on a $5,000 deposit with a 5-year CD at 4.5% interest. Total returns depend on your deposit amount.
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Interest rates are high now but may fall soon, so locking in a 5-year CD rate locks in today's high returns.
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CD rates are fixed, so they provide stability amidst economic uncertainty.
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CD early withdrawal penalties incentivize leaving money untouched to meet savings goals.
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Opening a 5-year 4.5% CD now makes sense to lock in high rates before potential cuts and achieve savings goals.