Fed rate raises
with the Fed raising interest rates, it seems to reflect everywhere except in a basic savings account. Why do the banks lag in raising the interest earnings ? They seem to have no problem raising their credit card interest charges almost immediately.
Terry Says
They don’t need the money! There is still plenty of money floating around in the economy. So banks are lagging in rates.
But you don’t have to settle for their low CD rates! Read this: https://www.terrysavage.com/t-bills-beat-cds/
