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May 21, 2018

Rates rise: Savers sigh; borrowers beware

By STAN CHOE
AP Business Writer

NEW YORK — Interest rates are charging higher, and that can be a good or bad thing depending on whether you're saving or borrowing.

For savers, it's a long-awaited win. After years of making virtually nothing on their money market accounts and certificates of deposit, savers are finally getting closer to keeping up with inflation. Investors are also getting rewarded with higher interest payments for buying newly issued bonds.


 
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