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McKinsey & Company I did my final round with McKinsey today, and I I received a rejection call from the partner today. However, he said I did really great and wants to keep in touch with me. He also mentioned that I should reapply in 6 months. Does anyone have any similar experience? Do I have a better chance if I reapply next time?McKinsey & Company
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Because the bank wants more profit for themselves!
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Great question! And without getting too much into monetary policy.... Fed rates are set by the Federal Reserve which banks use to charge each other to borrow money. A lot of times these rates move together, however, a Fed rate increase does not instantaneously change the rates the bank offers.
Other types of savings account have seen an increase this year such as online savings accounts and fixed annuities.
If you want the fed rate, a money market or tbill fund will be better