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This has translated into higher interest rates on loans, savings accounts and more.
But the situation could soon change.
The time has come for policy to adjust.
Thecurrent federal funds rate targetof 5.25% to 5.50% is the highest in over two decades.
When rates start to fall, youll continue earning the locked-in rate until the CD term ends.
The only caveat is that you wont have access to your funds until the CD matures.
And the longer youre invested, the more time your money has to grow and compound.
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