Zero-interest rates: 5 ways to prepare your finances now…
The Federal Reserve has taken interest rates all the way down to zero in its second emergency cut of March, as part of its massive effort to mitigate the impacts of the novel coronavirus on the U.S. economy.
“Desperate times call for desperate measures and the Fed is doing just that in an effort to keep credit markets functioning and prevent the type of starving of credit that nearly toppled the global economy into a depression in 2008,” says Greg McBride, CFA, Bankrate chief financial analyst.
While the economy will get rougher from here, consumers have several avenues to take advantage of declining rates or at least minimize the effect on their personal finances, if they act fast.
Here’s the key strategy (Click Here): Use the low rates to improve your own balance sheet and cash flow with some of these money moves.