
After the Fed's new late-2014 pledge, I was worried the new month was going to bring a surge of rate cuts. A few banks and credit unions did cut their CD rates, but there weren't as many as I had feared. In fact, PenFed actually raised one of its CD rates. Its 7-year CD yield increased from 2.75% to 2.76% APY. In today's world, a one basis point increase is good news. One thing nice about PenFed is that it typically keeps its rates unchanged for the month. So if you're wanting to purchase a long-term CD, you should...
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