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The Federal Reserve just raised interest rates for the first time since 2023, and they hinted at 1 more rate hike possibly this year. How does that change your money? Here are 4 ways: 1️⃣ Your credit card, HELOCs, and adjustable rate loans are tied to the prime rate, and they are going to get more expensive within 1-2 cycles. If you carry a credit card balance, paying it down now is the best guaranteed return you can get. 2️⃣ your high yield savings should earn more if your bank passes the rate
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You’ve probably heard of the iTHINK Financial amphitheatre… but do you know what iTHINK Financial actually is? 👀 After catching a show at the amphitheatre, I stopped by my local @ithinkfinancial branch to learn more about what makes banking with a credit union different. What stood out to me was the focus on the members — from competitive rates and lower fees to convenient digital banking AND real people there when you need them. Plus, members can get perks like 10% off concessions at the iTHIN
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