Carpe diem not only shares the same abbreviation as certificate of deposit, but it’s also apt advice for CD investors right now. If you want to secure a strong rate of return, now’s the time to seize the day.
The Federal Reserve's response to pandemic-induced inflation benefited CD investors over the last three years. However, rates have been on the decline since late 2024, as Fed rate cuts drove the top CD rates from around 6% to less than 5% within months.
