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Best 6-Month CD Rates for November 2023
  + stars: | 2023-11-01 | by ( Martha C. White | ) www.wsj.com   time to read: +7 min
Rates for short-term investments, including CDs, savings accounts and more, have grown steadily more generous in recent months with the Federal Reserve hiking interest rates to fight inflation. Best six-month CD ratesfor NovemberThe market for six-month CDs is large and, as a result, quite competitive. Our six-month CD rate picks reflect the best available on DepositAccounts, com, which tracks roughly 275,000 rates at more than 11,000 banks and credit unions. For instance, you could start out with a six-month CD, along with a one-year CD. When the six-month CD matures, you would then roll over that balance into a new one-year CD.
Persons: Martha C, Haviland, , Ken Tumin Organizations: Federal Reserve, Deposit Insurance Corp, Federal, FDIC, National Credit Union Administration
Best 5-Year CD Rates for October 2023
  + stars: | 2023-10-31 | by ( Martha C. White | ) www.wsj.com   time to read: +8 min
Best 5-year CD rates for NovemberA five-year CD is one of the more common CD terms available. Interest rates on 5-year CDs have not climbed as sharply this year as rates for CDs with shorter terms. Our CD rate picks reflect the best available five-year CD rates we found on DepositAccounts, com, which tracks roughly 275,000 rates at more than 11,000 banks and credit unions. You expect interest rates to fallThe current interest rate environment is great for savers, but if the U.S. economy slows, the Federal Reserve policy makers are likely to cut interest rates in order to stimulate the additional growth. These accounts’ interest rates are variable, so if prevailing interest rates decline, banks will cut their rates and you will earn less money.
Persons: Martha C, , , Ken Tumin, Dillon Haviland Organizations: Federal Deposit Insurance Corp, Federal Reserve, TBH Advisors, FDIC, National Credit Union Administration Locations: U.S, Nashville, Tenn
Best 5-Year CD Rates
  + stars: | 2023-09-25 | by ( Martha C. White | ) www.wsj.com   time to read: +7 min
Best 5-year CD ratesA five-year CD is one of the more common CD terms available. Our CD rate picks reflect the best available five-year CD rates we found on DepositAccounts, com, which tracks roughly 275,000 rates at more than 11,000 banks and credit unions. For instance, a five-year CD could represent your long-term horizon in a CD ladder also containing one, two, three and four-year CDs. You expect interest rates to fallThe current interest rate environment is great for savers, but if the U.S. economy slows, the Federal Reserve policy makers are likely to cut interest rates in order to stimulate the additional growth. These accounts’ interest rates are variable, so if prevailing interest rates decline, banks will cut their rates and you will earn less money.
Persons: Martha C, , , Ken Tumin, Dillon Haviland Organizations: Federal Deposit Insurance Corp, Federal Reserve, Fed, TBH Advisors, FDIC, National Credit Union Administration Locations: U.S, Nashville, Tenn
Brexit deal a 'nightmare' for small businesses - survey
  + stars: | 2022-12-22 | by ( ) www.reuters.com   time to read: +2 min
The survey of more than 1,168 businesses, which was published on Wednesday, showed significant challenges for UK firms trying to use the Trade and Co-operation Agreement (TCA) that was signed in 2020 to allow tariff-free trade with the European Union once Brexit took effect. About 56% of firms face difficulties adapting to the new rules for trading goods, the survey found, while around 44% of businesses also reported challenges in getting visas for their staff. About 92% of the businesses surveyed were small and medium enterprises. Simple importing of parts to fix broken machines or raw materials from the EU have become a major time-consuming nightmare for small businesses," a manufacturer in the East Midlands was quoted as saying in the BCC survey report. Britain formally withdrew from the European Union on Jan. 31, 2020.
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