Low interest rates are here to stay. For the time being, at least. Here’s what you need to know about interest rates and how you can make the most of it. 

As we are mired in one of the worst recessions in history (from Singapore to as far reaching as the U.S.A), interest rates are likely to remain low for some time. On 10 June 2020, the Federal Reserve (also known as the Fed) shared that the interest rates will stay near zero through 2022 to help the economy recover from the COVID-19 pandemic.