Have you looked at the interest rate on your savings account lately? The joke is that you now pay your bank to keep your money! I can remember not so long ago getting a 5.25% interest rate on my cash.
Since that day we have seen interest rates tumble to close to zero but now we may start seeing interest rates start moving up again. Have you thought about both the good and bad that may be a result of rising rates?
For most of us, we will see some good and some bad from higher interest rates. We don’t know exactly how high they will go or how fast they will increase, but in all likelihood, we will see rates rise in the future. Are you prepared?
FinLife Digest is the weekly newsletter that delivers financial news, tips, and advice from United Capital experts and other leading sources.
United Capital Financial Advisers, LLC (United Capital) provides financial guidance and makes recommendations based on the specific needs and circumstances of each client. For clients with managed accounts, United Capital has discretionary authority over investment decisions. Investing involves risk and clients should carefully consider their own investment objectives and never rely on any single chart, graph or marketing piece to make decisions. The information contained in this blog is intended for information only, is not a recommendation, and should not be considered investment advice. Please contact your financial adviser with questions about your specific needs and circumstances. This blog is a sponsored blog created or supported by United Capital and its employees, organization or group of organizations. This blog does not accept any form of advertising, sponsorship, or paid insertions. Certain authors of our blog posts may be influenced by their background, occupation, religion, political affiliation or experience. It is important to note that the views and opinions expressed on this blog are that of the owner, and not necessarily United Capital Financial Advisers. As a Registered Investment Adviser, United Capital does not allow any testimonials on their blog, and any comments deemed as such United Capital will remove.
United Capital does not offer tax or legal advice; therefore all articles should not be taken as such. Please consult legal or tax professionals for specific information regarding your individual situation. All referenced entities in this site are separate and unrelated to United Capital. Any references to any specific commercial product, process, or service, or the use of any trade, firm or corporation name is for the information and convenience of the public, and does not constitute endorsement, recommendation, or favoring by United Capital.