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Will high-yield savings rates rise after the Fed's rate hike?

Por: CBS News Business May 09, 2023

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While all types of savings accounts benefit from a rate hike, high-yield accounts particularly thrive. Getty Images/iStockphoto When the Federal Reserve increases interest rates, it affects borrowers, lenders, and investors — usually in negative ways. But what about savers? If you're among the millions of Americans who rely on savings for , retirement nest eggs or other financial goals, you're one of the fortunate people who can... + full article



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