At Extreme Investor Network, we strive to provide our readers with up-to-date and valuable information on investing opportunities. Recently, Bread Financial, known for offering a 5.25% yield on a 1-year certificate of deposit, has adjusted its rate to 5.15%. While this may seem like a minor decrease, it is important to note the impact it may have on savers and investors looking to earn interest on their idle cash.
According to BTIG analyst Vincent Caintic, other banks are likely to follow suit and lower their yields on similar products, especially as the Federal Reserve considers rate cuts. The Federal Reserve is expected to lower rates in September, as indicated by Fed funds futures trading.
Despite potential rate cuts, CDs continue to be a popular choice for savers looking to lock in higher rates for a set period. While savings account yields can be adjusted by banks at any time, CDs offer a fixed rate of return.
For those interested in high-yielding 1-year CDs, there are still options available. Popular Direct, Goldman Sachs’ Marcus, Sallie Mae, BMO Alto, Capital One, and Citizens Access all offer competitive APYs ranging from 5.05% to 5.2%.
When considering investment opportunities, it is essential to stay informed and explore options that align with your financial goals. At Extreme Investor Network, we provide in-depth analysis and insights to help you make informed decisions and maximize your investment returns. Keep checking our website for the latest updates on investment opportunities and strategies.