The Federal Reserve last month raised interest rates for the second time in a decade, but many savers aren’t seeing banks pass those new increases along to them. Pictured: Federal Reserve Chair Janet Yellen testifies on Capitol Hill in November 2016.
The Federal Reserve last month raised interest rates for the second time in a decade, but many savers aren’t seeing banks pass those new increases along to them. Pictured: Federal Reserve Chair Janet Yellen testifies on Capitol Hill in November 2016. Susan Walsh AP
The Federal Reserve last month raised interest rates for the second time in a decade, but many savers aren’t seeing banks pass those new increases along to them. Pictured: Federal Reserve Chair Janet Yellen testifies on Capitol Hill in November 2016. Susan Walsh AP
Bank Watch

Bank Watch

News and notes on Charlotte's banks and the financial industry

Rising interest rates are a win for savers, right? Not exactly.

January 27, 2017 12:28 PM