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The Federal funds interest rate sits at 5.5% right now, up a full percentage point from this time last year. Yet, the average savings account interest rate right now is a meager 0.46%, according to...
A 6-month certificate of deposit, or CD, can be an excellent vehicle for short-term savings. Unlike in the stock market, your money is safely protected in an FDIC or NCUA-insured account. You also...