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How do interest rates affect my savings?
Rounding it up
Interest rates aren’t just about the money you owe lenders for your car or home — they also tell you about the money you can expect to make from investments.
For example, savings vehicles; from simple savings accounts to complex retirement savings, they are all affected by interest rates in one way or another
Understanding how interest rates affect different types of savings and investments can help you plan for your financial future.
Dan Bucherer
Dan is a runner and writer living in the Washington, D.C. area, where he currently works for a financial services trade association as the Communications Director.
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