10 Things to Watch When Interest Rates Go Up

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Certificates of deposit allow savers to lock in higher rates of return in exchange for not being able to access their money for a period of time. The risk is that if interest rates rise, CD holders are still stuck in lower-rate products. Anyone purchasing CDs should check on the penalty for early withdrawals, in case it makes sense to withdraw money early, suggests Richard Barrington, senior financial analyst at MoneyRates.com.

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