Expert Insights and TipsHow will CD rates be affected when the Federal Reserve cuts interest rates?William Klinger, MBAProfessor of Business, Raritan Valley Community College“When the Federal Reserve cuts interest rates, banks can borrow money more cheaply and banks will typically lower CD interest rates to reflect their lower cost. The good news is that existing CDs with a fixed interest rate are not affected.”Click here to learn more.
MarketWatch Guides: Best CD Rates of July 2024
