Avoid CD Rollover Trap: Shop for Higher Yields
Update: 2025-12-24
Description
Avoid the CD Auto-Rollover Trap: Secure Better Rates and FlexibilityThis podcast episode warns savers about the common pitfall of automatically renewing CDs at low rates, potentially missing out on better options. With the Federal Reserve likely to cut rates, its crucial to compare rollover offers with top online CDs or switch to high-yield savings accounts. Acting early by contacting your bank weeks ahead and using the grace period can help secure higher yields and maintain flexibility for emergencies or better investments.
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