Saturday, March 15th 2025, 11:37 am
Financial experts say the Federal Reserve's pause in interest rate cuts could benefit savers.
Higher interest rates mean more potential savings earnings; two popular options for maximizing returns are money market accounts and certificates of deposit (CDs).
For those looking to grow their savings, locking in a CD rate could provide steady returns. For example, $1,200 in a CD at 4.5% interest would grow to $1,254 over a year.
Financial advisors recommend assessing liquidity needs before choosing between a CD and a money market account.
March 15th, 2025
March 15th, 2025
March 15th, 2025
March 15th, 2025
March 15th, 2025
March 15th, 2025
March 15th, 2025