Podcasts Technology Protect Your Assets Rising Rates and Bank Failures: Our Playbook for This Type of Environment

Rising Rates and Bank Failures: Our Playbook for This Type of Environment

Published: March 13, 2023, 8:52 p.m.

The second-largest bank failure in history and the possibility of more interest rate hikes from the Federal Reserve are the hot topics of the week. Last week, Chairman Powell testified in front of Congress about how it's quite possible they will continue to raise rates. We\u2019ve started to see the fallout of these rising rates and what it means for banks. Banks are required to keep a certain amount on deposit and in certain instruments to be available for customer withdrawals, and rising rates have affected the value of those reserves.\xa0\xa0

What do rising rates and this recent bank failure all mean for you personally and our overall economy? How can you earn more interest on your \u201csafe\u201d money? Rising rates don't mean you have to lose money if you're prepared. The Sandman is walking through our playbook on what you need to do in this type of environment.\xa0\xa0

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