Why Bank Account Interest Rates are Still So Low
Unless you have been living under a rock. It is no secret that the Federal Reserve has been raising rates recently to deal with inflation. This has been driving up borrowing costs across the board from everybody in the government with their two-year bond being close to 5% now.
This has been driving up borrowing costs across the board, whether we are looking at the US government borrowing for one year at close to 5% now, or whether we're looking at mortgage rates that have recently hit about six and a half percent, or whether we're looking at average credit card rates which have recently hit a high of 19%.
This means that for everybody who has anything to do with debt whatsoever, people are aware that interest rates have been getting more expensive. But there is one interest rate that really has not been increasing across the board at a similar rate as borrowing costs, and that is the interest rate on savings and checking accounts.
Timecodes
0:00 Video Introduction
0:59 Low Interest Rates on Bank Accounts
2:32 Better Options for Higher Yields
4:07 The Federal Reserve's Balance Sheet
9:03 Why Interest Rates on Bank Accounts Haven't Increased
My Courses:
UNLIMITED ACCESS TO ALL MY COURSES https://heresyfinancial.teachable.com/p/hfu-membership
Ultimate Guide to Gold and Silver: https://heresyfinancial.teachable.com/p/how-to-buy-gold
Portfolio Allocation Mastery: https://heresyfinancial.teachable.com/p/bulletproof-your-portfolio
Bear Market Investing Guide: https://heresyfinancial.teachable.com/p/bear-market-investing-guide
My Free Weekly Newsletter: https://heresyfinancial.curated.co
My Recommended Affiliate Partners:
Monetary Metals https://monetary-metals.com/heresy-financial/
Vaulted https://vaulted.blbvux.net/2rXX47
OneGold (Code Heresy1x) https://bit.ly/3mS6dNo
iTrustCapital (Get $100 of BTC) https://itrust.capital/heresy
Swan Bitcoin (Get $10 of BTC) http://bit.ly/swnhrsy
Ledger http://bit.ly/ldgrwlt
TradingView http://bit.ly/tvchrts
M1 Finance https://m1finance.8bxp97.net/QOKA3P
GroundFloor https://groundfloor-finance.sjv.io/mgRRvy
Fundrise https://fundrise.sjv.io/Ygg2NO
All my socials are @HeresyFinancial
Twitter: https://www.twitter.com/heresyfinancial
Insta: https://www.instagram.com/heresyfinancial
TikTok: https://www.tiktok.com/@heresyfinancial
Reddit: https://www.reddit.com/user/heresyfinancial/
Rumble: https://rumble.com/c/HeresyFinancial
I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.
#InterestRates #CentralBanks #PrivateBanks
-
10:03
Heresy Financial
1 year agoWhy Are Interest Rates STILL So Low?
1632 -
6:20
Heresy Financial
1 year agoUS Personal Savings Rate is Dangerously Low
1492 -
7:02
benjaminzmiller
1 year agoWhy has the Bank of England raised interest rates for the eighth time in less than a year?
412 -
10:28
The Economic Ninja
10 months agoWhen Will Interest Rates Matter
7821 -
12:27
Wise Money Show
8 months agoWhat if Interest Rates Stay High for Longer?
4 -
3:51
Lance Roberts' Three Minutes on Markets & Money
2 years agoHow Interest Rates Really Respond to the Fed
9 -
45:45
bluskyfactory
1 year agoLess Deposits in US Banks - What That Could Mean For You
52 -
11:56
Virtual Consulting
4 months ago�� Get Your Cash �� Now! | What You Need to do Now about Increasing Interest Rates & Hot �� Inflati
4 -
15:20
HopeFilled Financial Coaching
10 months agoDoes Your Bank Know How Rising Rates are Impacting You? - Main Topic #6
1 -
21:48
maneco64
8 months agoRapidly Rising Bond Yields Making Banks Less Safe.
8509