Current:Home > StocksThe Fed has been raising interest rates. Why then are savings interest rates low? -StockSource
The Fed has been raising interest rates. Why then are savings interest rates low?
View
Date:2025-04-26 10:20:42
When the Federal Reserve hikes interest rates, the interest rate on savings account usually follows in step. But recently, that logic hasn't held up. (Story aired on ATC on Jan. 15, 2023.)
veryGood! (4)
Related
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- The 'Friends' family is mourning one of its own on social media
- Inmate who escaped Georgia jail and woman who allegedly helped him face federal charges
- Democratic Party office in New Hampshire hit with antisemitic graffiti
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Grand Canyon, nation’s largest Christian university, says it’s appealing ‘ridiculous’ federal fine
- AP PHOTOS: Mongolia’s herders fight climate change with their own adaptability and new technology
- Massachusetts lawmakers fail to approve $250M in emergency shelter aid
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Hell on earth: Father hopes for 8-year-old daughter's return after she's taken hostage by Hamas
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- AP Week in Pictures: Europe and Africa
- An eco trio, a surprising flautist and a very weird bird: It's the weekly news quiz
- China’s agreement expected to slow flow of fentanyl into US, but not solve overdose epidemic
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Drake announces 'Scary Hours 3' album, new project coming out Friday at midnight
- Swedish dockworkers are refusing to unload Teslas at ports in broad boycott move
- AP PHOTOS: The faces of pastoralists in Senegal, where connection to animals is key
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
5 European nations and Canada seek to join genocide case against Myanmar at top UN court
Alex Murdaugh murder trial judge steps aside after Murdaugh asks for new trial
Rafael Nadal will reveal his comeback plans soon after missing nearly all of 2023
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
DNA testing, genetic investigations lead to identity of teen found dead near Detroit in 1996
Sen. Sanders pushes NIH to rein in drug prices
Elon Musk expresses support for antisemitic post on X, calling it the actual truth