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Opening for Online Alternative as Bank Deposit Rates Stay Near Zero

April 13, 2018

Savers should finally be getting a break.

After a decade of being near zero, short-term interest rates have risen sharply in recent months. Typically, these rates — three-month T-bills, Libor, commercial paper — move together because they reflect the same basic economic reality.

Slow but solid growth in the United States since the Great Recession has finally altered the balance between borrowers and lenders. Higher rates mean those with cash to spare now have the upper hand and can demand a higher price to part with it.

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