Earlier this week the Federal Reserve slashed a key interest rate by three-quarters of a percent. But what does that mean for you?
Financial experts say that savings may not be passed on to you in mortgage or credit card rate cuts but you may see better deals on car loans.
Experts say if you do see better deals on loans or lines of credit it could take a while.
But they say it's never a wrong time to shop interest rates or talk to your bank about getting a better deal.