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Now that the federal reserve has hiked interest rates another quarter of a percent, you may wonder what this means for your money.When interest rates go up, things like mortgages, credit cards and student loans become more expensive.However, for savers, higher interest rates could be a financial opportunity. The interest earned on savings account
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stanley tumbler lients cash was trash, so to speak; in other words, it didn t do you any good just having money sitting in a savings account, because you weren t keeping up with inflation, weren t earning anything, said financial adviser David Brooks.But things have changed. He says today, savings rates on money markets and CDs have jumped to more than 4 percent, so you can actually get a return on your investment.For comparison, earlier in the pandemic, rates for some accounts were often less than one percent. Now, unfortunately, inflation is still north of 6.5% as of today, so we re still not really keeping up with inflation, but it is a way to at least earn a return on your safe money, if you will, that before you couldn t get, Brooks said.Another option to consider, he says, is T-Bills. These are short-term treasury notes from the federal government. Their current rate is more than 4 percent as well. Htwv From soda to vacations, here s what s in the $178,000 Oscars gift bag
TAMPA, Fla. -- Drowning deaths in Florida are up 70% when compared to this time last year, according to Water Smart Tots.For children in the state between ages 1 and 4, drowning is the leading cause of death. Annually, enough children to fill three to four preschool classrooms drown before their fifth birthday, according to Florida Health.The nonprofit says 12 children died from drowning in February and March of this year, compared to zero deaths during those months in 2019. FLORIDA NEWS | The latest headlines from Florida The drowning statistics are rising at an alarming rate even more no
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