Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Financial News

Low Interest Rates Might Hurt More Than Help [TheStreet]

Tuesday, February 2, 2010 - 12:45 PM
From TheStreet:
Federal Reserve policymakers last week held the overnight lending rate near zero to keep the economic recovery on track by making credit easier to access. But the benefits of a low rate might be diminishing for consumers.
The article shows how little the record-low rate helps those with credit card debit, car loans and mortgages. The article then ends by showing the damage it does to retirees.
1
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,664
Reply