Ask Terry Questions Increase In CD rates

Increase In CD rates

By Terry Savage on March 25, 2023 | Chicken Money

How long does it take for CD rates to go up after the Fed raises interest rates?

Terry Says

Banks decide on what rates they will offer based on their desire to attract money. If they are pulling back in lending, they may not offer high CD rates. But they do watch the competition because they don’t want to
Lose deposits.
Right now T-bills are paying more than most bank CDs.



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