Preparing for rising interest rates

Rising interest rates will affect more than just those who want to borrow money.  Rising interest rates will affect people who want to invest money or place money into savings.  As interest rates creep up, borrowers will find that they are paying more for credit.  On the other hand, if you are placing more money in savings you may see that amount grow a bit faster (but not too fast) as interest rates on deposit accounts increase.

To find out how rising interest rates will affect your accounts read, “How to Prepare for Rising Interest Rates.”