Are the interest rates of a CD likely to go up in the next few months?

Are the interest rates of a CD likely to go up in the next few months?
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1 Answer

Answer :

Yes, the interest rates will most likely go up due to the economy
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Last Answer : If you have funds invested in CDs, a higher rate will result in a greater return. Higher rates are usually given for longer terms of investment.

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Last Answer : Banks are generally the only ones that provide CDs. If you mean WHICH bank provides high interest rates, check out Ally bank. Its CDs have an APY of 1.7%, one of the highest in the industry.

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Last Answer : You should be able to find a better rate than that. Some savings accounts are .9% now. As you shop for rates I would suggest not locking up the money for more than 2 years because it looks like the economy is starting to move, maybe rates will rise a little.

How low can interest rates go in Canada and other countries?

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Last Answer : I don’t believe it could ever go in the negative, but we will see I really doubt it could go any lower than it already is.

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Last Answer : The current 15-year FHA rate is 5.42% You can find rates daily at: http://www.mortgage101.com/Articles/DailyRatesurvey.asp

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