Best 2-year CD rates August 2023
Certificate of Deposit
August 1, 2023 —
Running Point and its chief investment officer, Michael Ashley Schulman, CFA, were quoted by USA Today in an article — by John Egan and Jenn Jones, “Best 2-year CD rates of August 2023” — regarding 2-year certificate of deposits (CDs) and interest income.
Quoted article excerpt:
Besides looking at credit unions, “pay close attention to promotional interest rates,” said Michael Ashley Schulman, CFA and chief investment officer at [Running Point multifamily office in] El Segundo, a California-based capital advisor firm.
You may be able to score a great rate that’s only available for a short time from a smaller organization, which makes the offer to attract new customers.
Keep in mind, however, that, when the maturity date rolls around, there may not be another stellar promotional rate at the same organization and you may have to look around again.
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Disclosure: The opinions expressed are those of Running Point Capital Advisors, LLC (Running Point) and are subject to change without notice. The opinions referenced are as of the date of publication, may be modified due to changes in the market or economic conditions, and may not necessarily come to pass. Past performance is not indicative of future results. Forward-looking statements cannot be guaranteed. Running Point is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Running Point’s investment advisory services and fees can be found in its Form ADV Part 2, which is available upon request. RP-23–79
Originally published at https://www.usatoday.com on August 10, 2023.
