The Federal Open Market Committee, aka the “Fed,” announced today that it will keep its fed funds rate at the 0% to 0.25% target range. The fed funds rate is the rate at which banks loan money to one another and may impact the interest rates on your credit cards, savings accounts, short-term loans (like [...]
Posts Tagged ‘money market’
Fed Leaves Key Rate Unchanged, Sees Signs of Economic Improvement
September 23, 2009Where to Save Your Money as Rates Fall
February 4, 2008The Federal Reserve has lowered the Fed Funds Rate several times in the last couple of weeks. It currently stands at 3 percent. As the Fed Funds Rate plummets, so does the interest you make off your money in savings accounts and money market accounts. So where should you turn to make the most of [...]
Your Money Matters in 2008
December 28, 2007With the new year upon us, it’s time to reflect back on 2007 — all of our money successes and mistakes — and consider how to apply the things we’ve learned to 2008. Bankrate does just this in its 2008 Financial Forecast. From the best and worst of 2007, to the money experts’ crystal ball predictions for 2008, this guide provides a “wealth” of knowledge about your money.
So the Fed Cut Rates… What Does This Mean?
December 11, 2007The Federal Reserve — aka “the Fed” — lowered the Fed funds rate today by 1/4 point to 4.25 percent. Great, but what does that really mean?
Make the Most of Your Savings
December 4, 2007Has your rainy day fund taken a hit lately? Interest rates have fallen recently, which may be good for your mortgage, but not necessarily for your savings account. Now’s the time to take a closer look at where you’re keeping your hard-earned savings and if you’re making the most of your money.
