You May Have Only Days To Lock In Today’s CD Rates—Here’s Why Savers Are Moving Fast

Key Takeaways Why CD Rates Could Drop After the Fed Meeting This Week Earnings on a $10,000 CD Opened at Today's Top Rates The Federal Reserve is widely expected to make its third rate cut of the year this week, with markets pricing in nearly 90% odds of another quarter-point reduction. That matters for savers because the yields banks and credit unions pay on savings accounts and certificates of deposit (CDs) typically move in the same direction as the Fed's benchmark rate. If policymakers do cut again, dep ...