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The Fed raised interest rates a quarter of a point this afternoon. Here’s what it means for your money.
Savings: “The ‘average’ saver won’t see much benefit because the ‘average’ financial institution is unlikely to increase the measly payouts in a meaningful way,” said Greg McBride, chief financial analyst for Bankrate.com.
Those salting away their cash in a bank account have earned next to nothing in interest for the past few years. That won’t really change.
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Click link below for article and video:
http://www.nbcnews.com/business/consumer/what-interest-rate-hike-means-you-n733796
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James' World 2 
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