Shop around
iStock.com/Cathy Yeulet
You may have had a savings account at the bank down the street since you were a child, but that doesn’t mean it’s the best place to keep your cash when interest rates rise.
Financial institutions already pay different rates on savings — one bank may offer a 0.01% interest rate, while another pays 1%. And just because the Fed raises interest rates, there’s no guarantee your bank will do so, as well.
That means you need to compare rates among a variety of banks and credit unions, says Sue…
Rates rising? 7 tips for moving your savings
No comments:
Post a Comment