Lock In Higher CD Rates Now Before Expected Fed Rate Cuts
• With a 4% interest rate, a $1,000 10-year CD would earn $480.24 for a total of $1,480.24 after 10 years. Higher deposit amounts would earn proportionately more.
• High CD rates now could fall soon if the Fed cuts rates, but CD rates are locked in for the full term.
• CDs are FDIC insured up to $250,000, making them a safe investment option.
• CD returns are predictable and not subject to market fluctuations.
• With rate cuts possible soon, now may be the ideal time to lock in a long-term CD.