3 CD account questions to ask after this week's Fed meeting

Article excerpt

The Federal Reserve meets this week, and the outcome could reshape savings strategies for everyday investors. Certificate of deposit rates, which have climbed sharply over the past two years, now depend heavily on whether the Fed cuts interest rates, a decision that could send yields tumbling for new accounts. The article outlines three key questions savers should consider: whether to lock in current CD rates before they drop, how long to commit their money, and whether to ladder multiple CDs with staggered maturity dates to hedge against rate uncertainty.