Jan
18
Increases in Interest Rates on Savings Accounts Remain Slow to Materialize
BySavers hoping for higher interest rates on deposit accounts are probably going to have to wait awhile longer for yields on their savings to move upward.
While the Federal Reserve decided in December to increase short-term interest rates, that hasn’t yet translated into significant increases in deposit rates paid out by banks on safe, federally insured deposits — the kind of accounts consumers might want to use for an emergency fund or for parking cash they expect to use in the next month or two…
Increases in Interest Rates on Savings Accounts Remain Slow to Materialize
