What the Federal Reserve’s Expected Interest Rate Change Means for Your Savings Account
Key Takeaways The Federal Reserve’s interest rate moves directly impact the APYs savers earn. Rate cuts can erode consumer purchasing power. Pay close attention to Fed-related headlines for any clues regarding the direction of interest rates. Online banks may respond more aggressively to Fed policy changes. Consider ladders of long-term CDs or T-bills that may […]
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