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Certificate of Deposit loving savers got a little relief in 2018 as the Federal Reserve raised interest rates from their near historic loves. But the last of those hikes came in December and in this past March, most of the the Fed’s members said they saw no increase in rates at all for 2019. (That was a surprise, given that as recently as last December, multiple hikes in 2019 were considered likely.)

At current interest rates, CDs won’t make you rich. But if you can grab the best CD rates on offer, you should be able to keep your money safely growing at near (or even with) the inflation rate.  In other words, your savings shouldn’t be losing value.


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