I’m a bank rate tracker and for those of you who don’t know The Federal Reserve announced recently that they plan an holding interest rates down for quite a while. What does that mean for your personal finances? Well, don’t expect CD rates to get above 3% any time soon. The Fed and Bromoney continue to believe that making loans cheaper to get is better for America than earning a decent return on a high interest savings account. The Federal Reserve doesn’t appear to be moving rates any time in 2009, so you’re going to have to wait until 2010 at the earliest for high CD rates to resume.