Episode Details

RBS 154: Where to Keep Cash After the Fed Lowers Rates by 50 Basis Points

Episode 154 Published 1 year, 6 months ago

Yesterday the Fed lowered the Fed Funds rate by 1/2 of a percent. The prime rate followed, going from 8.5% to 8.0%. Rates on everything from credit cards to savings accounts to CDs also went down. And the rates on bonds and mortgages continued to decline.

Given all of this, where are the best places to keep your cash?

The Fed's Statement: https://www.federalreserve.gov/newsev...
30-year U.S. Bond Yields: https://fred.stlouisfed.org/series/MO...
T-Bill Yields: https://home.treasury.gov/resource-ce...
Savings Accounts: https://www.allcards.com/savings-acco...
No-Penalty CD Rates: https://www.allcards.com/no-penalty-c...

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