Fed Rate Hikes 2017: What They Mean for Your CDs

Federal Reserve rate hikes, such as Wednesday’s 0.25 percentage point increase, can result in higher annual percentage yields on certificates of deposit, or CDs. Some online-only banks have already increased their rates after the Fed’s recent hikes. If you own a CD — often called a share certificate by credit unions — here’s a look at what…

from NerdWallet
https://www.nerdwallet.com/blog/banking/cds-fed-rate-increase/

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