Categories: Business

Will bank fixed deposit rates rise soon? Higher CD costs signal better returns for savers

Bank deposit rates are poised for an increase as certificate of deposit (CD) rates surged in May due to tighter liquidity and higher demand for funds. One-year CD rates jumped to 7.70%, signaling that banks are facing pressure to attract deposits, which could soon translate to higher retail rates.

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The News Vista
5 months ago

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