• Rising rates: Savers sigh in relief, borrowers beware

    2 monthes ago - By Chron

    NEW YORK - Interest rates are charging higher, and that can be a good or bad thing depending on whether you're saving or borrowing.
    For savers, it's a long-awaited win. After years of making virtually nothing on their money market accounts and certificates of deposit, savers are finally getting closer to keeping up with inflation. Investors are also getting rewarded with higher interest payments for buying newly issued bonds.
    For borrowers, though, the math is getting tougher. Loans for a car or house are getting more expensive, and interest rates for credit-card purchases are the highest...
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