The Denver Post - - BUSINESS -

One place you’re un­likely to no­tice a Fed rate in­crease is in your sav­ings ac­count. Most banks have plenty of de­posits these days, giv­ing them lit­tle in­cen­tive to raise in­ter­est rates to at­tract more. A 2013 Fed study found that banks typ­i­cally wait eight months to boost sav­ings rates af­ter an in­crease. Of course, banks are much quicker to raise rates on bor­row­ers, which tem­po­rar­ily widens their profit mar­gins. Sev­eral U.S. banks will pay up, a bit, for de­posits. At most, you might get an an­nual per­cent­age rate of a lit­tle more than 1 per­cent. Bloomberg News

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