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Why you should open a long-term CD now

Por: CBS News Business June 17, 2023

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Long-term CDs typically range from three to five years, and even up to 10-year terms. Getty Images For several months now, amid ongoing interest rate hikes from the Federal Reserve, many savers have preferred . While not quite as flexible as variable-rate , these certificates of deposit still allowed them to take advantage of rising interest rates. With a short-term CD, you can lock in a high rate, and then roll over your balance when the term... + full article



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