Will CD interest rates rise this April? 3 things experts say to consider now
CD rates could shift this month, but they may not move in the direction savers hope for, experts say.
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Interest rates have been on a rollercoaster lately. After several rate cuts by the Federal Reserve last year, interest rates fell significantly across many products. But with today's market uncertainty and a continued pause in Fed rate cuts, that decline has petered out — and in some cases, even reversed.
That trend can certainly be seen in certificates of eposit (CDs) , which saw rates rise slightly over the last month on some longer-term products , according to the FDIC. Will that continue to be the case as spring plows forward, though?
Find out how high your CD rate could be if you open an account today .
Will CD interest rates rise this April? 3 things experts say to consider now
Here's what experts have to say about CD rates and where they expect them to head this April.