......................................
This week (Jan. 17 - Jan. 23) the experts say:
Buy CDs now.

RELATED LINKS:
• Find the best savings rates

................................

About the Bankrate.com Rate Trend Index:
Bankrate.com surveys more than 100 experts in the banking and mortgage fields to see if they believe certificate of deposit and mortgage rates will rise, fall or remain relatively unchanged. For the deposit index, the panel is comprised of banks, thrifts and credit unions that directly offer FDIC-insured certificates of deposit to the end consumer. For the mortgage index, the panel is comprised of mortgage bankers, mortgage brokers and other industry experts who are actively engaged in providing residential first mortgages to the end consumer. Results from Bankrate.com's CD Rate Trend Index will be released each Wednesday. Results from Bankrate.com's Mortgage Rate Trend Index will be released each Thursday.

BANKRATE'S ANALYSTS:

"The opportunity to lower CD rates is here and banks and other institutions are taking advantage of it. Plenty of economic news is due this week and that may give a somewhat clearer picture whether we can expect another Fed rate cut at the end of this month. Regardless, a turnaround in the CD rate trend isn't in the cards anytime soon."
-- Laura A. Bruce, savings writer, Bankrate.com
RATE VOTE --
Short-term: Down
Long-term: Down

"Nearly 60 percent of institutions cut CD yields in last week's survey, with volatility pretty evenly spread across all maturities. Yields will not fall as dramatically this week, but expect the steady pullback to continue."
-- Greg McBride, financial analyst, Bankrate.com
RATE VOTE --
Short-term: Down
Long-term: Down