Low interest rates are good for mortgages and hopefully for credit cards (unfortunately many credit cards companies don’t tend to give us the breaks). We can definitely use low rates to our advantage by properly setting up our finances with a good equity repositioning stategy.
But unfortunately there are also some negative consequences for people who are trying to save money in CD’s, Money Markets and Savings Account. As interest rates fall the rates of return on these will fall as well. A CD paying 3.5% is not even keeping up with the cost of living. You are basically going broke safely.
A better way is to use the equity index products we talk about. You get the guarantees and safety of a CD with the upside potential of the stock market. Learn more about getting upside stock market potential without risk under the safety section of our website.
Here is a very informative article on the downside of rate cuts.
