The International Monetary Fund has warned central banks to be alert to potentially damaging side-effects of ultra-low interest rates and “unconventional” measures to boost growth after the deep slump of 2008-09.
While backing the use of exceptional action to prevent the collapse of the financial system, the Washington-based organisation said risks would increase the longer the stimulus was kept in place.
The IMF used a chapter in its latest global financial stability report to note that rock-bottom interest rates and purchases of government bonds might be shifting instability from banks to other parts of the financial system or to other parts of the global economy.





To aid in the stabilization of the economy, the Federal Reserve has severely reduced the Federal Funds interest rate through 2015 to a paltry 0.00-0.25 percent unchanged since 2008. This number directly affects the interest rate you can earn on your savings account, as bank rates tend to follow this benchmark closely.
Laramie Plains Federal Credit Union is still offering a competitive interest rate for their reward checking account which is called Ultimate Checking account. This money in the bank deal is tiered and it has the following current interest rates:
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