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Interest rate hikes could pause in June. Here's what that means for your savings.

Por: CBS News Business May 24, 2023

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If interest rate hikes pause, you'll still earn the best interest rates on high-yield savings and CDs.  Getty Images If you've taken out a loan or in the past year, you're probably aware of how much interest rates have gone up. Since starting rate hikes in early 2022 to combat high inflation, the Federal Reserve has raised its from near-zero to more than 5%. For savers, that has resulted in months of steady increases on savings... + full article



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