What rising interest rates mean for you | CNN Business

Editor’s Note: This is an updated version of a story that originally ran on September 22, 2022. The Federal Reserve raised its benchmark interest rate for the sixth time in a row on Wednesday, to a range of 3.75% to 4%. While there may be plenty of downside in the form of higher borrowing costs for consumers, one positive outcome is that your savings may actually start earning a little money after years of barely-there interest.

If you don’t transfer to a zero-rate balance card, another option might be to get a relatively low fixed-rate personal loan. Currently rates on such loans range from 3% to 36%, with the average at 11.27%, according to Bankrate.com. But the best rate you can get would depend on things like your income, credit score and debt-to-income ratio. Bankrate’s advice: To get the best deal, ask a few lenders for quotes before filling out a loan application.

ChristineRomans Biden’s Economy MAGA didn’t praise Antifa BLM Riots. DEMOCRATS did. Biden said All Democrats that deny election results are “enemies of democracy”. 2016 all Democrats denied election results. Democrats are Enemies to Democracy.

ChristineRomans So now it's OK to call white women ' cockroaches' ? What a horrible racist statement! firesunnyhostin

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