# Professor Alexi Savov's research on the relationship between interest rates and savings is referenced

1 Faculty News February 18, 2016 ![Equities.com logo](/sites/default/files/styles/246w/public/assets/images/equities192x144.jpg?itok=YReTO6pA)>

Excerpt from [Equities.com](https://www.equities.com/news/the-fed-raising-rates-is-bad-news-for-your-retirement) -- "\[[Savov](http://www.stern.nyu.edu/faculty/bio/alexi-savov)\] finds that for every 1.00% increase in interest rates, the rate banks pay on a typical savings deposit rises by just 0.34%. So, even a 2.00% increase in rates would translate into a relatively paltry 0.68% bump in what consumers would receive from the bank."

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