I am glad to see rates start to increase.
My moneymarket is paying 0.75% per year. Some 25 years ago, my moneymarket was paying a moderate rate of 8%.
Low interest rates are great for credit cards, mortgages, auto loans, etc. Low interest rates are the pits for ‘cash’ saving accounts.
I agree, but rising interest rates are not good for governments in debt.
The problem is the dummy who invested in money market instead of stocks over an 8 year term. Foolish.