A household man looking thoughtfully at their savings and planning how to manage their savings after a Fed rate cut.
News - Banking

How a Fed Rate Cut Lowers Your Savings Returns and What You Can Do to Protect Your Money

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Federal Reserve interest rate cuts directly lower the yields on savings accounts by reducing the banks’ own borrowing costs. Savers can effectively navigate this change by understanding their options, such as using Certificates of Deposit (CDs) to lock in current rates or ensuring their liquid cash remains in a competitive high-yield account.