Summary
Interest rates on CDs and savings accounts have been so low for so long that you feel as if you've struck it rich when you find a bank paying more than 1 percent.
We keep hearing (and hoping) that rates will go up.See the full content of this document
Extract
Rising-Rate Cds Have Upsides, Downsides
But who knows when? And who wants to tie up savings in low- yielding certificates of deposit if higher rates are imminent?
Evidently, not too many people, which is why banks are pushing "rising-rate CDs"...See the full content of this document
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