EPISODE · Feb 10, 2022 · 9 MIN
Why Interest on Your Savings Probably Won't Go Up Anytime Soon
from WSJ Your Money Matters · host WSJ Your Money Matters
An interest-rate hike by the Federal Reserve typically means that a boost in interest on savings isn't far behind. But even if the Fed raises rates next month as expected, banks aren't likely to lift interest on savings. WSJ banking reporter Orla McCaffrey joins host J.R. Whalen to explain why. Learn more about your ad choices. Visit megaphone.fm/adchoices
What this episode covers
An interest-rate hike by the Federal Reserve typically means that a boost in interest on savings isn't far behind. But even if the Fed raises rates next month as expected, banks aren't likely to lift interest on savings. WSJ banking reporter Orla McCaffrey joins host J.R. Whalen to explain why. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Why Interest on Your Savings Probably Won't Go Up Anytime Soon
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