CD rates may be low throughout the country, but don't let that stop you from shopping around. Investing in short-term CDs allows for some liquidity and gives you the opportunity to take advantage of future rate hikes. CD rates in Charleston, SC, have remained mostly unchanged in recent weeks, but many institutions are advertising higher yields to bring in deposits. Compare rates across the nation and in your area of South Carolina before making a decision.
Federal intervention could cause yields to fall even more, which means it's critical to shop around for the best CD rates. To find CD rates in Charleston, SC, check out research from Bankrate.com.
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