A growing number of banks are promoting “rising rate” CDs, which allow savers to boost their return if interest rates go up.
They’re playing to fears that anyone who locks in a long-term rate now will suffer when the Federal Reserve finally starts pushing interest rates back up.
Unfortunately, most of ones we’ve looked at are a better marketing gimmick than investment.
The “Raise Your Rate CD” from Ally Bank is one of the few that seems worthwhile for savers.

Savings Account & MMA Rates
CD (Certificate of Deposit) Rates
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