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The Federal Reserve cut the main US interest rate again.

 

Yesterday the Fed approved of a .5% cut.  It’s now down to 3.0%. Why is this important to me and you?

This is good news or bad news depending on what your situation is right now.

Personally my saving account’s interest will be going down. That in turn inspires me to pay my car loan down quicker.

J.D at Get Rich Slowly has a list of high yield savings accounts. I expect many of them to lower their rates just a bit.

Photo Credit: The Marmot