These are the 5 best strategies for investing in CDs right now, experts say
CBS News: Gregory Harmon, assistant professor at Weatherhead School of Management, noted the Federal Reserve’s elevated interest rates have made borrowing more expensive but benefited savers, especially those with certificate of deposit (CD) accounts. CDs allow savers to lock in interest rates, with some top five-year CDs currently offering rates over 5%, compared to the average rate of 1.40% as of July 15, 2024. To maximize returns, it’s crucial to have a good strategy in place, he said.