get out of debt


With the Federal Reserve trying to bolster the United States economy, interest rates are close to an all time low. Banks are able to borrow money from the Fed at just 0.25%. Since rates are so low, banks have dropped interest rates on all deposit and investment products. A standard savings account is yielding just 0.10%. Low interest rates are not just terrible for savings accounts. They hurt certificates of deposits, bonds, and other investments…