Want to lock in an attractive and safe return on your cash? Certificates of deposit still offer one of the best ways to earn a high yield for a guaranteed term, just don’t wait as rates could fall further soon.
The Federal Reserve has held its key rate steady since last September as inflation cools down, and some analysts believe the Fed might cut rates again later this year. While plenty of Americans would love to see lower interest rates—home buyers especially—that would also mean lower CD yields.
