Times are tough and getting a reasonable interest for your money is impossible. Right now the best interest rates on CDs are so low that sometimes it seems like it might not even be worth it. Seniors who rely on interest income are in a especially difficult position as they need money and their safe investments just aren’t paying anything. This leaves them in a bind and is putting many of them in dire straights.
Tags: interest income, living expenses, market interest rates, money market interest, money market interest rates, no doubt
If you are looking for the highest interest rates, you will no doubt be disappointed in what you find. The best money market interest rates as well as any other rates are close to an all time low. It is almost the same as making nothing for the money you have sitting in your accounts right now. This is discouraging for people who count on interest income for part of their living expenses.
