The CD Rate Bait and Switch: Why Small Businesses Shouldn't Get Too Excited The recent surge in certificate of deposit (CD) rates has some small business owners salivating at the prospect of earning higher returns on their deposits.
With the Federal Reserve keeping interest rates elevated to combat inflation, today's CD rates are among the highest in nearly two decades.
However, before jumping into a CD, consider this: the rising tide of high CD rates is also a sign of a larger economic trend – one that may not be as beneficial for small businesses as it seems.