Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
For the first time this year, the Federal Reserve raised interest rates on Wednesday, a widely expected move following strengthening economic reports and signals from Fed officials.
After its two-day policy meeting, the Federal Open Market Committee unanimously voted to raise the range of the federal funds rate to 0.50% and 0.75%, citing progress in economic activity and labor market growth.
The banks don't want to pay any interest to the savers who put their money in there. Most retirees keep their money in a safe place and the banks are robbing the seniors. It is so rigged.
The banks don't want to pay any interest to the savers who put their money in there. Most retirees keep their money in a safe place and the banks are robbing the seniors. It is so rigged.
I am looking at putting a bit of money in a CD. Glad to see the rate rising even by a small percentage.
Remember when we took standard savings accts for granted when they all had the default interest rate of 5.5%? Seems like a prior lifetime.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
