Lackluster Jobs Report May Delay Higher Savings Rates
An all around lackluster jobs report might delay the increase in savings rates. Prior to the jobs report being released last Friday, we expected deposit rates to start moving higher in June, once the federal funds rate was increased. The weak report might delay an increase in the fed funds rate until September.
Bank rates, which include CD rates, savings rates, and money market rates are all tied to the fed funds rate. When the rate is increased, bank rates also move higher. Listed below are the best savings rates and money market rates available for April 6, 2015:
Best 10 Savings Account Rates
Best 10 Money Market Rates
RatesORama.com Average Mortgage Rates