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Northwest Bank 12 Month CD Decreased To 4.60% From 5.00%

gbp84
  |     |   76 posts since 2024

During the last few days, the Northwest Bank 12 month CD has experienced a significant decrease. As recently as 10/14/2024 the rate was 5.25%.

https://www.northwest-bank.com/cd-rates

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3
racecar
  |     |   551 posts since 2014
As rates go down the drain... what we need is "Bank of Corliolis" -- where things go the other way down the drain!
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3
belko
  |     |   128 posts since 2021
Well in a certain sense that happens, of course -

“Price and yield are inversely related: As the price of a bond goes up, its yield goes down, and vice versa. There are several definitions that are important to understand when talking about yield as it relates to bonds: coupon yield, current yield, yield-to-maturity, yield-to-call and yield-to-worst.”

So some might say, this means one should buy bond funds or ETFs now. But then again - who really knows?
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2

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