Where to Keep Cash After the Fed Lowers Rates by 50 Basis Points

Yesterday the Fed lowered the Fed Funds rate by 1/2 of a percent. The prime rate followed, going from 8.5% to 8.0%. Rates on everything from credit cards to savings accounts to CDs also went down. And the rates on bonds and mortgages continued to decline.

Given all of this, where are the best places to keep your cash?

The Fed's Statement: https://www.federalreserve.gov/newsev...
30-year U.S. Bond Yields: https://fred.stlouisfed.org/series/MO...
T-Bill Yields: https://home.treasury.gov/resource-ce...
Savings Accounts: https://www.allcards.com/savings-acco...
No-Penalty CD Rates: https://www.allcards.com/no-penalty-c...

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While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

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