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Kiplinger
Kiplinger
Business
Rachael Green

Why a 5-Year CD is Still Your Best Bet After the Fed Meeting

Three plants growing in three jars of coins. .

In its third meeting of the year, the Federal Reserve voted to hold interest rates at the 3.50% to 3.75% range. That's disappointing for those hoping to refinance a mortgage, but good news for consumers looking to save.

As we head into spring, there are still some CDs offering yields above 4%. That's higher than CD rates have been in the last decade and higher than inflation, which currently sits at 3.3% as of March. However, some economists expect the Fed to resume cutting rates later this year.

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