[Ravi]

why cut rates and kill the savers, the few who are actually spending money and keeping the economy going. Low rates got us into this mess and they will not get us out of it.

[y2gordo]

why cut rates and kill the savers, the few who are actually spending money and keeping the economy going. Low rates got us into this mess and they will not get us out of it.

The more I've been thinking about that, the more I'm beginning to agree. I don't know how the Fed rate affects savings account interest rates, but I'd be much more interested in building a savings account if I was able to get 3% instead of 0.3% .

Anyone know of a good site to learn how interest rates work in America?