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What to do with your money now that the Fed just raised rates for the ninth time

Summary by Ground News
After two weeks of banking turmoil, the Federal Reserve on Wednesday raised its key interest rate again. It is as important as ever for savers and borrowers to shop around to get the benefit, or minimize the impact, of rising interest rates. Online high-yield savings accounts now offer rates as high as 5%, well above the national savings account average.

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KRDO broke the news in Colorado Springs, United States on Wednesday, March 22, 2023.
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