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Does certificate of deposit rates increase when interest rates rise?

April 26, 2017Certificate of Deposit increase interest rates rates Rise

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Does certificate of deposit rates increase when interest rates rise?

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When the rates go up based on the market at that time depending on how competitive each bank is, yes the certificate of deposit rate would go up. In some market areas the rate would go up more than others. Does certificate of deposit rates increase when interest rates rise. I have been thinking about this for a while and was hoping you might be able to shed some light on the subject. I really appreciate your help.