The Step Up CD Conundrum: Is This "Growth" a Mirage?
The recent proliferation of step up CDs has left many investors wondering if this new breed of certificate of deposit is a solution to low interest rates or simply a marketing ploy.
At first glance, the promise of automatically increasing interest rates seems too good to be true. However, upon closer inspection, it appears that this "growth" may indeed be nothing more than an illusion.