How do interest rates work?
Interest rates determine many things, including how much your money grows while sitting in a checking or savings account. I can also influence how much money you pay toward credit card or mortgage payments.
The Federal Reserve (AKA The Fed) sets interest rates “to help set the backdrop for promoting the conditions that achieve maximum sustainable employment, low and stable inflation, and moderate long-term interest rates.”
Related questions View all Tips & Guidance
-
Q. I Didn’t Transition my Stash Banking Account, Now What?
Stash has begun the process of closing all banking accounts that were managed by our old banking partner in order to provide a new banking experience for our customers. Stash banking accounts will now be managed by Stride Bank, N.A. All banking accounts managed by our old banking partner will be inaccessible on and after January 11.…
-
Q. Freeriding: Definition, Examples and Penalties
What’s freeriding? Freeriding happens when someone buys a security with unsettled funds in the account and subsequently sells the security before fully paying for it. Please note that securities freeriding is a violation of the Federal Reserve Board’s Regulation T. Freeriding example 1: Alan has $0 cash available to trade.On Tuesday morning,…
-
Q. Stash Banking: Account Setup Checklist
We’ve changed banking partners to Stride Bank, N.A.—an exciting step that comes with enhanced benefits for you. Not sure if your new banking experience is fully set up? We’ve got you. Use this checklist to ensure you’ve unlocked all your new benefits.…
Didn’t find your question?
Tell us what you’re looking for, and we’ll search for resources that could help.
Ask your question