Where Savers Could Put Their Cash After the Fed’s Interest-Rate Increase
WSJ Your Money Matters
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The Correlation Between Interest Rates and Savings Accounts
The Federal Reserve has raised interest rates to their highest level in 22 years. Oyan Adidoyan says savers should start shopping around and seeing which ones have the best rates. The inverse effect happens for savings accounts: It makes it a lot more lucrative to keep your money in one place or a couple of places.
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