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Interest rates are going up. So why is your savings account still paying 0.13%?

Por: CBS News Business September 23, 2022

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Interest rates are rising, with the Federal Reserve on Wednesday for the fifth time this year to a . But Americans hoping to profit from a similar rise in their savings accounts rates have been out of luck this year. To be sure, savings account rates have increased, but they are lagging the pace set by the Federal Reserve — as well as the hikes witnessed in other interest-based products, like mortgages and credit card rates, which have both... + full article



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