Sunday, December 21, 2014

Intrerest Rates Rise Again

$$$ +++ %+++ $$$

In September, I wrote about the rate increase in the Ally Bank Online Savings account from 0.87% to 0.90%.  Well the rate has gone up again to 0.99%, a 10% increase.  So the overall rate increase in 2014 for this online savings account is 14%.

I don't know if this is due to the predicted rise in short term interest rates driven by the end of QE and predicted Fed rate increases in 2015, but it is a pointer that short term interest rates will likely go up.

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