3 CD account moves savers should make before the June Fed meeting
Summary
The Federal Reserve will hold a meeting on June 17, led for the first time by Chairman Kevin Warsh. Although an interest rate cut is unlikely, small increases in rates for certificates of deposit (CDs) may follow, so savers should prepare now to get the best returns.Key Facts
- The next Federal Reserve meeting will end on June 17.
- Kevin Warsh will lead the meeting as the new Fed chairman.
- An interest rate cut at this meeting is not expected.
- CD interest rates may increase slightly after the meeting.
- Savers should start comparing CD rates and banks now.
- Decide how much money you can leave in a CD without needing early withdrawal.
- Prepare your funds and account information ahead of time to act quickly.
- Online marketplaces can help find the best CD rates, terms, and fees.
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