How have CD rates changed compared to last August? Here's what savers may not know.

TL;DR

CD interest rates vary by lender and term, and have changed since August of last year.
Some short-term CD rates have decreased, while 1-year CD rates remained the same, and rates for 18-month and longer terms have increased.
Despite rate fluctuations, CDs are still an effective savings vehicle for protecting principal and earning interest.
A potential Federal Reserve rate hike in the coming weeks could lead to increased CD rate offers.
Shopping for CDs now allows savers to establish a baseline and find suitable account options before potential rate adjustments.

Continuar leyendo el artículo original