CDs
Savers with certificates of deposit have been waiting for interest rates to rise for years. Now that the Federal Reserve’s move to incrementally raise the federal funds rate is in place, those savers can anticipate a tiny upward bump in CD rates.
“We expect the Fed to increase the benchmark rate by quarter-point increments at every other meeting during 2016 for a total of 1 percentage point by the end of the year,” says Mike Schenk, vice president of economics and statistics for the Credit Union National…
CD rates expected to rise slowly in 2016
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