Is the Government Killing Your Savings with Low Interest Rates?

Very interesting article posted over at CNN Money about the federal government's suppression of interest rates in an effort to stimulate the economy and how that is punishing those of us who have been frugal, particularly retirees.

But until rates go up, Wall Street will be chowing down on essentially free money, while fixed-income people living off their investments will have to eat into their capital, take more risk, or reduce their standard of living. A nice reward from their government for a lifetime of saving. Thanks for nothing, guys.

There have been some encouraging signs lately that interest rates may go up, but until they do it's more important than ever to find the highest rates on your CDs and savings accounts. Tools like the interest rate auctions on our own MoneyAisle.com are more important than ever to ensure you get the most out of your savings.