# Research on savings by Professors Itamar Drechsler, Alexi Savov and Philipp Schnabl is highlighted

1 Faculty News June 8, 2016 ![CFA Institute blog logo](/sites/default/files/styles/246w/public/assets/images/con_032856.jpg?itok=V-VlUDNY)>

Except from the [CFA Institute blog](https://blogs.cfainstitute.org/investor/2016/06/08/why-savers-might-miss-out-on-the-benefits-of-higher-interest-rates/) -- "According to new research from the Stern School of Business at New York University, for every 1% increase in interest rates, the rate banks pay on a typical savings deposit rises by just 0.34%. So even a 2% increase in rates would translate into a relatively paltry 0.68% bump in what consumers would receive from the bank. Not exactly a silver bullet for retirement planning."

[Read more](https://blogs.cfainstitute.org/investor/2016/06/08/why-savers-might-miss-out-on-the-benefits-of-higher-interest-rates/)