Hello Forum,
Do any of you guys (or gals) know if a FED Interest Rate increase correlates with a bank's CD rates?
The Fed is supposed to be raising their rates 3 more times this year.
The clerks (and customer service) at my bank just don't know if a FED Rate increase will mean a CD rate increase.
The 1st FED increase (about a month ago?) didn't affect my banks offer of 1.3% on a 13 month CD.
Would you guys "lock in" at 1.3%, or wait till the next FED Increase to see what happens?
Thanks brothers!
Do any of you guys (or gals) know if a FED Interest Rate increase correlates with a bank's CD rates?
The Fed is supposed to be raising their rates 3 more times this year.
The clerks (and customer service) at my bank just don't know if a FED Rate increase will mean a CD rate increase.
The 1st FED increase (about a month ago?) didn't affect my banks offer of 1.3% on a 13 month CD.
Would you guys "lock in" at 1.3%, or wait till the next FED Increase to see what happens?
Thanks brothers!