Interest Rates Are Dropping Again, May Be Time to Lock in a CD

Interest Rates Are Dropping Again, May Be Time to Lock in a CD

The US Federal Reserve Bank has decided to cut interest rates again on March 3, 2020 and this time by .5%.  It may be worth picking up a CD with a bank that has not yet adjusted to this as yet, and a good option for those who do not want to lock their money away is the ‘no penalty’ CD.    

Reminder: While it is very nice to have higher interest rates on our savings, the act of saving is far more important so keep on saving.  Good luck!

Carlisle

Welcome to My Savings and Me. I have been blessed just enough to have a financially stable life for my family and myself. I have used simple saving and investing methods to make my money work for me and it is now my hope that information shared throughout this blog may ignite a fire in others.

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