Your Money: Some online banks' interest rates can help boost your savings

When the Federal Reserve pushed interest rates higher in the late 1970s to bring down inflation, angry farmers drove their tractors to blockade the Fed's Washington, D.C., headquarters.


The Fed's current stance on interest rates has just as many detractors, but most of them are too old, weary or poor to board a bus for the nation's capital.


The Fed reiterated last month it intends to keep rates near zero through 2014. This policy, aimed at boosting the struggling economy, has been a boon for borrowers, but savers have suffered.

 

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