As the end of September 2025 approaches, financial experts are urging investors to make strategic moves with their CD accounts before it's too late. According to a recent CBS News report, there are several mistakes that savers should avoid when managing their CD accounts, such as locking in low rates or neglecting to consider penalties for early withdrawals.
With a potential Fed rate cut on the horizon, now is the time for investors to consider shifting their $10,000 CD accounts to take advantage of more profitable options. Experts recommend exploring various options for maturing CD accounts, such as laddering, rolling over, or reinvesting in higher yielding accounts.
In a rapidly changing economic landscape, it’s crucial for investors to stay informed and proactive when it comes to managing their CD accounts. By taking action before the September deadline, savers can ensure they are making the most of their investments and setting themselves up for financial success in the future.
Category: Finance
Published on: 2025-09-05 18:12:27
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3 options for your maturing CD account to explore this September, CBS News
$10,000 CD account moves to make before a September Fed rate cut, CBS News
3 CD account mistakes savers should avoid this September, CBS News
As September rolls around, many Americans are finding themselves grappling with credit card debt and struggling to make payments. With the economic effects of the pandemic still lingering, more and more people are turning to credit card forbearance to ease their financial burden.
Credit card forbearance allows individuals to temporarily stop making payments or reduce their payments on their credit card debt. However, not everyone qualifies for forbearance, with creditors typically looking at factors such as income, expenses, and financial hardship.
For those who are finding it difficult to afford their credit card payments, financial experts suggest reaching out to their credit card companies to discuss potential options. In some cases, creditors may be willing to negotiate a lower monthly payment or interest rate to help borrowers stay afloat.
As many continue to face the stress of mounting credit card debt, there is hope on the horizon for some relief. Experts predict that credit card interest rates may finally drop in September 2025, giving borrowers a much-needed break. However, it is important for individuals to continue to carefully manage their credit card debt in the meantime to avoid further financial strain.
Category: Finance
Published on: 2025-08-27 18:09:26
Related articles:
Will credit card interest rates finally drop this September?, CBS News
What to do if you can't afford your credit card payments this September, CBS News
What is credit card forbearance and who qualifies for it this September?, CBS News
As the Federal Reserve considers a possible rate cut in September, experts are divided on how it will affect homebuyers. Some warn against making any hasty decisions before the anticipated cut, while others caution against overreacting to the news.
According to CBS News, some homebuyers may be tempted to delay their purchase in hopes of getting a better deal after the rate cut. However, MarketWatch reports that a jumbo rate cut could be perceived as a panicky move by the Fed, potentially causing more harm than good.
Meanwhile, Federal Reserve Chairman Jerome Powell is set to deliver a speech at the Jackson Hole economic symposium, where many are expecting him to provide clues about the central bank's plans for September. MarketWatch speculates that Powell may use this opportunity to push back on expectations for a rate cut.
As the debate continues, homeowners are also weighing their options for financing. CBS News explores whether a $100,000 home equity loan or a $100,000 HELOC would be cheaper following a potential rate cut in September.
With uncertainty looming, experts urge caution and careful consideration before making any major financial decisions.
Category: Finance
Published on: 2025-08-15 14:18:28
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$100,000 home equity loan vs. $100,000 HELOC: Which will be cheaper after a September rate cut?, CBS News
Will Powell use Jackson Hole speech to push back on hopes for September rate cut?, MarketWatch
Why a jumbo Fed rate cut in September would ‘come across as panicky’, MarketWatch
What homebuyers shouldn't do before a September rate cut, according to experts, CBS News
Federal Reserve officials are divided on whether or not to cut interest rates in September, with Minneapolis Fed President Neel Kashkari joining others in leaning towards a rate cut. Kashkari, along with other officials, believes that the risks of slowing global growth and trade tensions outweigh concerns about inflation. This sentiment is in line with recent job reports showing a slowdown in hiring and a potential economic downturn on the horizon.
However, some analysts argue against a September rate cut, citing strong economic indicators and a lack of necessity for further stimulus. They predict that the Fed may stay on hold until 2026, waiting for more concrete evidence of a need for intervention.
Despite the dissenting opinions, the possibility of a September rate cut still looms large as the Fed weighs the potential benefits and risks. Investors and analysts will be closely watching the upcoming Federal Reserve meeting for clues on the central bank's next steps in adjusting interest rates.
Category: Finance
Published on: 2025-08-06 14:27:24
Related articles:
Kashkari joins other Fed officials in leaning toward September rate cut, MarketWatch
Here’s the case against a September rate cut — and why the Fed could stay on hold until 2026, MarketWatch
Weak Jobs Report Raises Chances of a September Interest Rate Cut, New York Times