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CD vs. high-yield financial savings account — which earns 5.5% after the Fed price hike?

The News Trenders

7 May, 2023

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Greater rates of interest have made it dearer to hold a steadiness in your bank card or take out a automotive mortgage, however on the flip facet, there’s a chance to earn extra curiosity on money financial savings. You are able to do this by opening a high-yield financial savings account or shopping for a certificates of deposit (CD). (This column will concentrate on these two choices; you possibly can examine different money investments right here.)

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