Latest Articles by Ken

What is the Federal Funds Rate?
The federal funds rate is the interest rate at which depository institutions, like banks and credit unions, lend each other their excess reserves overnight. The current federal funds rate: 2.25%-2.50% as of the Fed’s most recent meeting in July 2022. The Federal Open Markets Committee (FOMC) of the U.S. Federal ... Read More
July 28, 2022
CD Laddering: The Ultimate Guide
Clever savers sometimes structure their certificates of deposit (CDs) as a CD ladder to lock in higher rates while keeping their money more accessible. CDs are timed deposits whose interest rates are guaranteed until they mature — however, you can receive a penalty for withdrawing early. CD laddering divides your ... Read More
July 26, 2022
What Are I Bonds and How Do They Work?
Series I bonds are savings bonds issued by the U.S. Treasury with an interest rate tied to inflation. I bonds are a low-risk investment with a longer time horizon: You can’t cash them in until a year after your purchase, and you pay an interest penalty if you cash them ... Read More
June 23, 2022