. This makes them particularly attractive for those savers who want to earn interest at a higher rate but don't want to lock their money away for an extended period.No one knows for sure what the Fed will do next month — nor do they know precisely how that will affect rates on CDs.
With this understanding, and the knowledge that continuous rate hikes are unlikely, it may still make sense to act now. or are close to peaking, you may not want to risk waiting. CD rates are locked in for the duration of the CD term, regardless of any rate activity that takes place during that time frame. So, if you can secure a high rate now it may be worth locking it before rates plateau — or eventually fall.
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