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An 18-month CD can still earn savers a substantial return, even in today's slightly lower interest rate climate. imageBROKER/Firn
"What's the interest-earning potential?" That's the question savers are always asking themselves before putting their money into a specific account type. And the answer, in recent years, was often "substantial." Thanks to the highest inflation rate in decades and, thus, the highest interest rates in more than 20 years to combat it, savers were able to earn upwards of 5% on vehicles like high-yield savings and certificates of deposit (CD) accounts . The latter type, in particular, had rates upwards of 6% for some specific savers, making them an obvious way to grow and protect your money.
But that was in 2023 and 2024. Towards the end o
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