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


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s