Will Interest Rates Rise in 2010?

January 5, 2010
By Kevin Cafferty

Short answer: Not bloody likely.

Long answer: As this article explains, part of the Fed's plan for rescuing the failing banks is keeping interest rates down, giving them low loan rates on our deposits. Unfair? Sure, but most of the bailout could be described that way.

The practical answer: if you're looking for amazing returns on your CDs or savings, you're going to need to keep waiting. You can still get good rates using online tools such as MoneyAisle, but we're a ways off from seeing interest rates rise in 2010. Hopefully we can reassess as we get further into 2010.

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