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Select short-term CDs pay better rates than average CDs.
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Select short-term CDs pay better rates than average CDs.
Interest is compounded and credited monthly. As for where CD rates will trend in the remainder of , I expect them to stabilize or even slightly decline if the Fed continues to lower rates to stimulate the economy. You could also build a short-term CD ladder, which might look like this: Open a 3-month, 6-month, 9-month and 1-year CD; when each one matures, open a new 1-year CD. Best 6-month CD rates. To avoid your CD being escheated due to being considered abandoned property, be sure to keep in touch with your bank and keep a valid mailing address on file.
