But amid rising prices (i.e., inflation) there’s at least one perk: Savings account rates have increased, including on certificates of deposit. The main places to open CDs are banks and credit unions, which are banks’ not-for-profit counterparts. And current CD rates are some of the highest in a decade, based on NerdWallet analysis of Fed data and its own data. I want a CD, but what if CD rates increase? The article Ask a Nerd: When and Why Should I Open a CD?

Source: thestar September 09, 2022 21:42 UTC