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3 things to do if interest rate cuts are delayed, according to experts
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A funny thing happened after the Federal Reserve’s December meeting, in which the agency indicated it could cut interest rates several times in 2024. Since that time, inflation has remained stubborn, dipping slightly in January, before ticking upward in February and March to a 3.5% year-over-year inflation rate.
Now, borrowers looking forward to reduced interest rates may have to wait before any anticipated rate cuts occur. But while borrowers may exhale in frustration, savers may sigh in relief. The longer interest rates remain elevated, the longer savers may earn higher yields.
Of course, no one knows with certainty which way interest rates will go over time. For now, though, there are some favorable options to save and grow your money, namely in terms of high-interest deposit accounts and bonds.
Compare your top savings options online and start earning today.
3 things to do if interest rate cuts are delayed, according to experts
Here are three things you may want to do if rate cuts are put on hold for now:
Open a certificate of deposit
A certificate of deposit (CD) account offers the promise of a high, fixed rate in exchange for locking your money in the CD for a specific period. As of April 2024, several of the best CD accounts offer rates over 5%.
CD terms typically range from one month to five years or longer. If you suspect you might need to access the funds soon, remember that you could incur an early withdrawal penalty if you pull your funds before the CD matures. As such, you might consider a no-penalty CD or follow a CD ladder strategy to have access to your funds in specific intervals.
“With CD and bond rates starting to drop down slowly, locking in longer-term rates or creating a CD ladder will benefit savers over the next few years,” says Stephen Kates, CFP and principal financial analyst at Annuity.org. “The yield curve is inverted, which means short-term interest rates are higher than long-term interest rates, but the long-term rates are still attractive. Over multiple years, even a slightly lower interest rate will offer a better return than having to reinvest [into] a six- to 12-month CD or bond at much lower interest rates in the future.”
Find out what the top rates on your savings could be now.
Open a high-yield savings account
Like CDs, high-yield savings accounts (HYSAs) are federally insured up to $250,000 per account and offer higher yields than regular savings accounts. According to the FDIC, the average interest rate on a traditional high-yield savings account is currently 0.46%. However, you could earn a significantly higher rate with a high-yield savings account.
“Many online-only banks offer as much as 10 to 20 times the interest rates of major banks and include banking features to make deposits and withdrawals even easier,” says Kates.
“Not only do high-yield savings accounts offer attractive interest rates, but they are fully liquid and accessible so investors can access their money without penalty,” Ray Prospero, partner advisor at AdvicePeriod, adds.
Invest in U.S. T-bills
Treasury bills, or T-bills, are another option to earn high yields on your savings. And while the FDIC doesn’t insure T-bills, they are backed by the U.S. Treasury Department. So if your savings exceed the $250,000 per account limit set by the FDIC, you might consider saving in T-bills.
T-bills are also time-locked and carry terms ranging from four weeks to one year. As of April 19, 2024, rates ranged from 4.91% to 5.28% for those terms and once the T-bill matures, you receive your earnings. T-bills are also an attractive option because you can easily buy them throughTreasuryDirect.gov. Additionally, you can buy or sell T-bills on the secondary market, such as through a bank, online brokerage or a dealer.
The bottom line
While the Federal Reserve keeps interest rates high, savings options may continue to be favorable. If your money is parked in a traditional savings account earning less than 1%, consider opening a high-yield savings account, CD account or Treasury bills with rates of around 5% or greater.
While you’re at it, avoid the temptation to take on high-interest credit card and loan debt, as the interest charges could outweigh the potential savings rates you might earn. Unless you need to use credit to cover an emergency or large unexpected expense, it’s probably not a good idea to potentially pay over 21% in credit card interest, or 12% for a personal loan, the current national averages according to the Federal Reserve. Doing so would offset any gains you’re earning with deposit accounts or bonds, even at elevated rates.
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How to watch the Arizona Cardinals vs. Miami Dolphins NFL game today: Livestream options, more
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The Arizona Cardinals vs. Miami Dolphins NFL game will be played today. The Cardinals are taking on the Dolphins following a close 17-15 win over the Los Angeles Chargers — a big victory after a tough loss to the Green Bay Packers the game prior. The Dolphins were defeated 16-10 in their latest game to the Indianapolis Colts.
Here’s what to know on how and when to watch the Arizona Cardinals vs. Miami Dolphins game today, even if you don’t have cable.
How and when to watch the Arizona Cardinals vs. Miami Dolphins game
The Cardinals vs. Miami Dolphins game will be played on Sunday, October 27, 2024 at 1:00 p.m. ET (10:00 a.m. PT). The game will air on Fox and stream on Fubo and the platforms featured below.
How and when to watch the Arizona Cardinals vs. Miami Dolphins game without cable
You can watch Fox through several streaming services if it’s not included in your cable package or if you don’t have cable. All you need is an internet connection and the top options outlined below.
Watch the Arizona Cardinals vs. Miami Dolphins game for free with Fubo
Fubo, a contract-free live TV streaming service offering comprehensive sports coverage, gives you an easy, user-friendly way to watch NFL games on CBS, Fox, NBC, ABC, ESPN and the NFL Network, plus NCAA football channels. The Pro tier ($80/month, first month $50) includes 200+ channels and unlimited DVR, while the Elite with Sports Plus tier ($100/month, first month $70) adds NFL RedZone and 4K resolution. New subscribers get a seven-day free trial and $30 off their first month, with all plans allowing streaming on up to 10 screens simultaneously.
Watch today’s Arizona Cardinals vs. Miami Dolphins game on Sling
One of the most cost-effective ways to watch major sporting events is through a subscription to Sling’s Orange + Blue tier ($60/month, currently half-off first month at $30), which includes ESPN, ABC, NBC, and Fox. The plan offers 46 channels with local NFL games, nationally broadcast games and 50 hours of DVR storage. For complete NFL coverage, add Paramount+ to get CBS games, or upgrade with the Sports Extra add-on for additional sports channels like Golf Channel, NBA TV and NFL RedZone.
Watch the Arizona Cardinals vs. Miami Dolphins game on Hulu + Live TV
You can watch NFL games, including Fox broadcasts, with Hulu + Live TV, which includes 90 channels, unlimited DVR storage, and access to NFL preseason games, live regular season games and studio shows. The service costs $77 per month (with a three-day free trial) and includes ESPN+ and Disney+ in the subscription.
Want to watch today’s game live on your smartphone? The NFL+ streaming service ($40/year or $7/month) lets you watch NFL Network and out-of-market games on mobile devices, with an upgrade option to NFL+ Premium that includes NFL RedZone for watching up to eight games simultaneously. Note that NFL+ only works on phones and tablets, not TVs.
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How to watch the Baltimore Ravens vs. Cleveland Browns game today: Livestream options, more
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The Baltimore Ravens vs. Cleveland Browns game will be played today. The game will be played at Huntington Bank Field in Cleveland, Ohio. It’ll mark the second time in less than a week that the Ravens have hit the field after playing the Tampa Bay Buccaneers on Monday. The Browns, meanwhile, are coming off an October 20 loss to the Cincinnati Bengals and are just 1-6 so far this season.
Keep reading to find out how and when to watch the Baltimore Ravens vs. Cleveland Browns game today, even if you don’t have cable.
CBS, Paramount+ and CBS Essentials are all subsidiaries of Paramount Global.
How and when to watch the Baltimore Ravens vs. Cleveland Browns game today
The Baltimore Ravens vs. Cleveland Browns game will be played on Sunday, October 27, 2024 at 1:00 p.m. ET (10:00 a.m. PT). The NFL football game will air on CBS, and stream on Paramount+ and the platforms featured below.
How and when to watch the Baltimore Ravens vs. Cleveland Browns game without cable
While CBS is available with many basic cable packages, you don’t need to worry if you don’t have access. Whether you have cable or have completely cut the cord, the game will be available with a variety of other options. Just note that the below streaming options will require the use of an internet provider:
Paramount+: Watch CBS-aired NFL games without cable
With Paramount+ you’ll have multiple viewing options to choose from. You can catch NFL games on the Paramount+ Essential tier for just $7.99 each month or you can watch college football with a Paramount+ with Showtime subscription for $12.99 monthly. In addition to live streams of NFL games airing on CBS, you’ll get to watch additional live sporting events including NCAA college football, PGA Tour golf, soccer and more.
Get started with Paramount+ here today.
Amazon Prime Video: Add Paramount+ to your existing subscription
Already have an Amazon Prime Video account? Simply add Paramount+ to your current subscription to watch all the CBS-aired NFL games in addition to Paramount+ originals. The same prices from above apply, depending on which tier you choose. Not sure which is best for you? Don’t worry. Both options come with a free seven-day trial that can help you decide.
Watch the Ravens-Browns game on Amazon Prime Video.
Fubo: Watch the Ravens-Browns game for free
If you’re looking for an inexpensive way to watch a variety of football games, Fubo could be the best way to do so. The live TV streamer is currently offering a seven-day free trial and $30 off of your first month’s subscription. Once subscribed, you’ll gain access to all of their live sporting events immediately. And there will be a lot to choose from. Not only does Fubo come with access to NFL games airing on your local CBS channel, it also includes Fox Sunday NFC games, “Sunday Night Football” on NBC, “Monday Night Football” on ABC and ESPN and all of the games that air on the NFL Network. So don’t wait.
Get started with Fubo online now.
Waiting for the game to start? As the season rolls on you may want to stock up on the latest NFL gear and merchandise. Fanatics is a great way to do so. With the latest player t-shirts, jerseys, hoodies and more, there’s plenty of stuff in stock to keep you covered this season. But don’t wait much longer. As each week in the season passes by competition for this limited merchandise will increase. Don’t wait for it to sell out.
Head over to Fanatics now to check out the latest NFL fan gear drop.