Riska | E+ | Getty Images It may be a while longer before the Federal Reserve lowers interest rates, experts now say. That means savers can still earn the best returns on their cash in years, following a “nuclear winter for the better part of the last 15 years,” said Greg McBride, chief financial analyst … Read more
Hinterhaus Productions | Digitalvision | Getty Images Savings accounts Higher rates mean that consumers have to pay more to service their debt, but it also means that banks pay higher rewards to savers. It’s one of the silver linings to the current rate environment, said Ted Rossman, chief credit card analyst at Bankrate. “There’s also … Read more
Inflation is cooling. Consumer spending continues to be at record highs, while consumer confidence has been trending up. And, after almost two years of rate hikes by the U.S. Federal Reserve, investors are expecting at least a few cuts to interest rates this year. Their anticipation is understandable: The federal funds rate hasn’t been this … Read more
Simpleimages | Moment | Getty Images Higher interest rates were good news in 2023 for savers who were able to earn the best rates on their cash in years. Even with the possibility of looming rate cuts by the Federal Reserve, 2024 still stands to be a great year for returns on cash. “Yields are … Read more
