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Tag: funds

Wondering about that Lousy Interest Rate on Your Savings Account?

Posted on September 8, 2022November 8, 2022 by DT

For over a decade, savers have been earning little or nothing on their deposits due to low-interest rates. Increasing interest rates should have changed that. So far this year, the Fed has lifted rates by 225 basis points, or 2.25 percentage points. Borrowers’ financing costs have risen as a result, but savers have yet to reap the same benefits.

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