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Topic starter November 16, 2022 2:28 pm
CD rates have gone up a lot in the past 7 months. Many of the big brokerage houses offer brokered CDs that pay more than traditional CDs:
If you are a client of Fidelity for example, their brokered CDs are at:
3 month 4.0%
6 month 4.5%
9 month 4.6%
1 year 4.7 %
So is now the time to buy or will CD rates continue to go up. Well, CD rates track the federal funds rate extremely closely which right now is 3.9%. The Feds are meeting one more time in 2022 and are expected to raise rates by 0.5%. This is what Forbes thinks:
https://www.forbes.com/advisor/banking/cds/will-cd-rates-go-up-in-2023/
Thoughts????