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USA TODAY

How the Fed rate hike affects credit cards, mortgages, savings rates
USA TODAY
With the Fed announcing another rate hike Wednesday, borrowing costs will head even higher for consumers. The good news is some bank customers will start to see noticeably higher savings rates. Americans with credit cards, adjustable-rate mortgages ...
Here's how the Fed rate hike will affect your financesCNBC
How to Make June's Fed Rate Hike Work for Your SavingsKTVB.com
Americans could pay $2.2 billion more on their credit-card debt after Fed rate hikeMarketWatch
TheStreet.com -Nasdaq
all 1,307 news articles »

CBS News

The 1% solution to saving $1 million for retirement
CBS News
Saving money for retirement can feel overwhelming -- it's such a big chunk of money. But here's one smart strategy that's super manageable: making small increases each year in your savings rate. Say you're 22, earning $40,000 a year and saving 6 ...


CNNMoney

Consumers are spending a lot more and saving a lot less
CNNMoney
The savings rate was routinely below 3% before the Great Recession as consumer confidence was soaring thanks to surging stocks and skyrocketing home prices. But once the bottom fell out of both the housing and stock markets, consumers adopted more of ...


Washington Post

Why has the personal savings rate declined so dramatically?
Washington Post
In my last column, I pointed out that millennials don't save because Americans don't save; there's nothing special about millennials at all. (If anything, they're a little more frugal than the rest of us.) But I also mentioned that Americans used to ...


USA TODAY

How to find best interest rates on CDs, savings accounts
USA TODAY
With interest rates on the rise — and expected to climb even higher— plain-old cash is looking more alluring to savers and conservative investors. A savings account stashed with cash was the place to be for people who wanted to sleep at night during ...


Motley Fool

3 Reasons Your Retirement Savings Isn't as Big as You Think
Motley Fool
Depending on your tax rate, that can mean that your savings are a lot less valuable than you thought. As an extreme example, say you're in the top 37% tax bracket and decide to take out $1 million in retirement withdrawals all at once. Your taxes on ...


Houston Chronicle

No. 7 public: Rate hikes, new customers and tax savings help CenterPoint
Houston Chronicle
CenterPoint Energy, the electricity and natural gas distribution company, saw its revenues and profits climb in 2017, thanks to higher utility rates, more customers and a one-time boost from the federal tax overhaul that dramatically lower corporate ...


Motley Fool

How Should You Calculate Your Total Household Savings Rate?
Motley Fool
That said, how to calculate your savings rate. I would say you include any asset that you are willing to spend for that specific goal. I wouldn't necessarily calculate an overall savings rate, although I think that's still interesting, but I would do ...


ConsumerAffairs

Americans' savings rate drops in April
ConsumerAffairs
As a result, the U.S. savings rate dropped to 2.8 percent, the lowest since December when consumers were loading up their credit cards with holiday purchases. The Bureau of Economic Analysis (BEA) report shows personal incomes grew 0.3 percent from ...


The 5 States With the Best Savings Rates -- and the 5 With the Worst
Motley Fool
Now we come to the five states with the lowest savings rates, and New Hampshire ranks fifth from the bottom. Fully 46% of its survey respondents reported having no savings at all, while 62% had less than $1,000. Housing costs are partly to blame, with ...

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