you should appreciate this high-interest-rate environment. It won't last forever as I think we'll eventually revert to our 40+-year trend of downward-trending interest rates. But we should enjoy it while it lasts!
You can take advantage of today's interest rates with a high-yield savings account. These accounts charge no fees, so you can save even more.
The Federal Reserve said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably.
Today's holding of interest rates is welcome news for prospective buyers and those with mortgage deals expiring soon, experts have suggested. Sarah Coles, head of personal finance at Hargreaves Lansdown,said the move was a ...
Today's high interest rate environment isn't completely bad. Here's why it may be smart to open a high-yield savings account now.
When it comes to “high” interest rates, I simply reflect on the interest rates of my earlier years. 20% mortgages in the early eighties, a leased Caprice Classic sedan at 14% in 1989. A renewed mortgage at 12%. Then I think, man, we are living in GOOD TIMES today. ...
Interest rates in the European Union will need to stay high “as long as necessary” to slow still-high inflation, Christine Lagarde, president of the European Central Bank, said Friday.
Due to today's interest rate environment, your savings are also growing much faster than they used to. Cons Other investment options offer better returns. While your money might be growing in a high-yield savings account, it still isn't growing as fast as it might compared with other ...
Right now, the national average savings rate is 0.43%, according to the Federal Deposit Insurance Corporation (FDIC), while some of the best savings accounts offer rates at or above 5%. Aside from the difference in interest rates, high-yield savings accounts work much like standard savings ac...
Though the interest rate can change, it makes sense to choose an account that is paying one of the highest rates in the country, since the higher your rate, the more interest you'll collect every month and every year. Also, through thepower of compounding, you can make interest off your...