Savers sigh in relief, borrowers beware

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Rising rates: Savers sigh in relief, borrowers beware

May 18th 2018, 15:15, by By Stan Choe The Associated Press

NEW YORK >> Interest rates are charging higher, and that can be a good or bad thing depending on whether you’re saving or borrowing.

For savers, it’s a long-awaited win. After years of making virtually nothing on their money market accounts and certificates of deposit, savers are finally getting closer to keeping up with inflation.

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