Home Disclaimer As Rates Rise, Will Your Savings Account Be Left Behind?

As Rates Rise, Will Your Savings Account Be Left Behind?

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Whenever the Federal Reserve hikes the federal funds rate, it causes ripple effects across the financial world. For some consumers — such as those with credit card debt — the impact can be negative. But during most rate-hike cycles, those with savings accounts benefit. A rising federal funds rate almost always translates into higher savings account rates. Maybe not this time, however.

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