Today Is National Savings Day

by | Oct 12, 2019

National Savings Day sets aside October 12th to recognize those who value the act of saving and to provide simple steps to show getting started isn’t as difficult as it may seem.

Not a day the Federal Reserve celebrates.

The daily level of the federal funds rate back to 1954. The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis. The Federal Open Market Committee (FOMC) meets eight times a year to determine the federal funds target rate. The current federal funds rate as of October 10, 2019 is 1.82%.

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About Steven Woskow

Steve Woskow is an entrepreneur and was President of Agtech Products, Inc., a research and development company specializing in animal agriculture. He has a Ph.D. in Nutrition and Food Science from Iowa State University. He is retired and lives with his family in Northern Nevada.

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