This means that CD rates of 5% APY will likely decline and get less competitive.
CD ladders can help you earn a great rate for longer, no matter what happens to CD rates.
The best CD rates for short-term CDs are currently around 5% annual percentage yield, but that might not stay true for long.
Building a CD ladder with terms paying 5% or moreRight now, short-term CDs offer better rates than long-term CDs, so our example CD ladder is shorter-term.
CD ladders aren't suited to every purposeWhile CD ladders can be a good strategy for locking in high interest rates while maintaining liquidity, they aren't suited to every purpose.
Persons:
Uziel Gomez, Gomez, you'll, You'll, Kit Pulliam, They’ve, Kit
Organizations:
Federal Reserve, AFC, Primeros, Pulliam, Business, Tax, MSN, Vanderbilt University
Locations:
U.S