How do interest rates affect my savings?

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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.

6 min read

Dan Bucherer
#interest#interest rates#saving#investment

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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