This column originally ran June 1, 2022, and has been updated.
The Federal Reserve has signaled that more interest rate hikes are coming. That’s worrisome if you’re borrowing money. But if you’re a saver, it’s welcome news, because it means earning more on the money you have parked at a bank.
Source link: https://www.washingtonpost.com/business/2022/06/01/switching-bank-for-better-interest-rate/