The Fed's Massive Rate Cut Has a Huge Silver Lining for Savers Who Missed Out on 5% CDs
Say you've been holding off on signing or refinancing a mortgage because rates were stuck around 7%. Currently, the average 30-year mortgage rate is 6.09%, according to Freddie Mac. And there's a good chance you'll be able to lock in a mortgage rate at under 6% before the end of the year, assuming you have good credit.
Calling All Savers: How to React to the Fed Rate Cut
It has been talked about. Anticipated. And now it’s finally here. On Sept. 18, the Federal Reserve announced a rate cut. This decrease — the first in more than four
Borrowers and Savers, Listen Up. Here's Why You Should Care About Today's Interest Rate Cut
Interest rate cuts could affect how much you’re charged as a borrower to take out a loan or use credit. Interest rate cuts can also impact the amount a financial institution pays you, i.e., what you earn, for investing your money .
What the Fed’s Rate Cut Means for Savers, Investors, Homeowners and More
The Fed’s rate cut reduces the target range for the federal funds rate, or the rate at which banks lend each other money overnight, to 4.75% to 5%. And Fed officials expect an additional 50 basis points of cuts this year, according to newly released projections.
What the Fed’s Big Rate Cut Reveals About the Economy
Investors have sent stocks and bonds higher on expectations of a soft landing. But some Republicans think the central bank overstepped its bounds.
The Fed Cut Rates. Will Saving Account and CD Rates Plummet?
The Federal Reserve cut rates for the first time since March 2020 at its September meeting. Savings rates decreased leading up to the Fed meeting and you may see slight dips in the coming weeks. You can still earn north of 5% APY with today’s best savings accounts and CDs.
5% CDs are dying breed. Here’s how long cash savers have to lock in their rates.
Many 5% CDs are going away in the weeks after the Fed’s first interest-rate cut. Some have already disappeared.
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