Reported 7 months ago
The Federal Open Market Committee (FOMC) recently decided to maintain the federal funds rate during its June meeting and will reconvene in late July to consider any changes. While the Fed's rate decisions impact interest rates on deposit accounts, opening a new savings account or CD with today's high rates could be advantageous. Regardless of future rate adjustments, evaluating and potentially switching to accounts offering higher yields could help maximize earnings.
Source: YAHOO