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Did You Know…?

December 13, 2017 | Weekly Commentary

The FED has been raising interest rates. But, banks have been slow to raise interest rates in the same manner on their checking accounts, savings accounts and CD’s. There is an alternative which is becoming much more attractive. Money market funds now yield between .50% to 1.00% and by the end of next year could be yielding 1.25% to 2.00%.

As rates rise, it pays to shop for higher rates for your savings.