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ProudMNDemocrat

(20,398 posts)

5. Cutting interest rates does not save much money.

Thu Nov 20, 2025, 08:49 AM

23 hrs ago

For investors and those who have high yield interest savings accounts, the drop in rates means LESS interest earned on monies. The tax rates do not drop when used as income.

I have a High Yield Interest Savings account with a Bank that started at 3.90% monthly on a $100K plus starting balance. The latest statement showed a rate of 3.690%. Future decreases will yield less interest.

Credit Card interest rates drop very little when one carries a balance, I do not! Home Mortgage rates drop very little as well.

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Trump teases he'll fire Bessent if Fed doesn't cut interest rates [View all] BumRushDaShow Yesterday OP

This is POTUS PJMcK Yesterday #1

Grump is the stereo typical ugly American Gum Logger 23 hrs ago #3

he's angry that his water carriers aren't carrying enough water. nt Javaman Yesterday #2

He has $82 million reasons for lower rates Kcphyllis 23 hrs ago #4

Bond markets Kcphyllis 17 hrs ago #11

Cutting interest rates does not save much money. ProudMNDemocrat 23 hrs ago #5

If the economy is doing as well as Drumpf claims, or even close to it, it doesn't need a boost from lowered rates. BobTheSubgenius 19 hrs ago #6

Where is the inflation report for the prior month? CountAllVotes 19 hrs ago #7

If Bessent had any self respect he would resign, right now. thought crime 18 hrs ago #8

He has already rescued Old Crank 17 hrs ago #9

So how is the FED supposed to sort out the data Old Crank 17 hrs ago #10

If you can't make money on any other financial produdt you have to invest in the stock market and risk it all. twodogsbarking 16 hrs ago #12

"...I'm going to fire your ass!" So presidential! Grins 15 hrs ago #13