You, the consumer, have power in the market. These new policies are helping to unleash that power, and it’s very much to your benefit. So save, and expect your bank to reward you for it. Or take your money and put it with someone who will
For the first time in a decade, banks are actually paying their depositors
Excessively high interest rates are not good. You probably already figured that.
But interest rates that stay near zero for the better part of a decade are not good either, although you’d never know it from the geniuses who run the Federal Reserve. They’ve been keeping interest rates artificially low ever since the mortgage market meltdown of 2008 as a way of loosening credit and, according to them, fighting unemployment.