The coronavirus situation isn’t just disrupting 2020 travel plans; it’s also affecting account balances. In response to the threat that the growing outbreak poses to economic activity, the Federal Reserve dropped its benchmark interest rate for the U.S. by half a percentage point on March 3. While the long-term effects on financial products remain to...
The article Where to Stash Your Savings When Cash Management Account Rates Take a Dive originally appeared on NerdWallet.
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