Banking has been top of mind for many people in the wake of some surprise bank failures and moves by US regulators to boost confidence in the financial system. But the Federal Reserve’s decision on Wednesday to increase its key interest rate for the ninth time since March last year brought welcome news for savers seeking higher yields on their money. “Returns on savings accounts and CDs are the best in 15 years,” said Greg McBride, chief financial analyst for Bankrate.com.
Among the highest-yielding certificates of deposit, there are some federally insured one-year CDs with rates as high as 5.15%, well above the current 1.62% national average. So, shop around. Another high-yield savings option Given today’s still-high rates of inflation — which is currently running at 6% — the Series I savings bonds may be attractive because they’re designed to preserve the buying power of your money. You can still get the current 6.
Life can't get any better,right cnn. Thanks Brando.
now if it did not cost so much more maybe you would not have to spend your savings to buy food
On the long run higher rates will f the all country up, dear americans : biden clan is destroying you
MessageOfAllah_On_Ramadan Supreme Lord is God Kabir Saheb Ji who created this universe in 6 days , God Kabir Saheb Ji is in form (many Islamic Priests have misconception that God is formless). GodeveningMonday
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