Expert's Commentary

About Richard Barrington, CFA & MoneyRates.com Senior Financial Analyst
Richard Barrington

New! Richard Barrington discusses How to Save More with Neal Conan on NPR's nationally syndicated Talk of the Nation here (February 2012).

Richard Barrington, CFA, is the primary spokesperson and personal finance expert for MoneyRates. He is a 20-year veteran of the financial industry, including having served for over a dozen years as a member of the Executive Committee of Manning & Napier Advisors, Inc. He earned his Chartered Financial Analyst designation in 1991 with the Association for Investment Management and Research (AIMR). Richard has written extensively on investment topics, including investments, money market accounts, certificates of deposit, and personal finance as it relates to retirement.

Richard has been quoted by numerous media publications such as The New York Times, The Wall Street Journal, and Pensions & Investments magazine.[...] Read more Richard can discuss economic and market history in detail and is well respected for his ability to relate to a broad audience from a personal financial standpoint. Richard approaches financial topics with an understanding that fresh perspectives are often more valuable than mainstream consensus. He has written for over 50 financial Web sites, such as Investopedia, Yahoo, MSN, Allbusiness, and Encarta, and is most sought after by members of the media for his niche expertise in these topics: Certificates of Deposit, Money Market and Savings Accounts, Saving for Retirement, Housing and Mortgage Meltdown, Interest rates, Investments, Macro Economic and Government Policy Issues, Historical Financial Events, Discerning Long Term Implications

For PR inquiries and opportunities please email us at pr@moneyrates.com.

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Suspended animation: The story of Q1 interest rates

April 15, 2014

A quiet quarter for interest rates did little to help consumers, but there were some bright spots.

How your bank is like an annoying uncle

April 1, 2014

Banks are trying to keep up with the times, but their efforts don't appear to be working in social media.

Will mortgage rates thaw this spring?

March 18, 2014

Mortgage rates have been frozen within a narrow range so far in 2014, but would-be borrowers should watch several factors that could set them moving again.

Pedal to the metal: Why 529 plans demand aggression

March 4, 2014

Making a 529 educational-saving plan work requires an intense approach to both investments and funding.

Mortgage rates turn downward (again)

February 18, 2014

In something of a surprise twist, mortgage rates have started falling again, despite the Fed tapering its quantitative easing program.

Surprise! The US is due for a recession in 2014

February 4, 2014

A new recession may seem unthinkable right now, but history suggests it would be about typical at this point.

Waiting for higher bank rates? Watch these things

January 23, 2014

Here are five things to watch as you wait for savings and money market account rates to finally rise.

Game-planning your retirement

January 8, 2014

A successful retirement starts with plotting your approach years in advance.

2 ways interest rates have shifted this year

December 10, 2013

In a low-rate environment, the changing dynamics between various yields can take on greater importance.

Holiday shopping: a predictor of next year's interest rates?

November 26, 2013

Low interest rates have encouraged people to spend, but this strategy may be running out of steam. Read what it could mean for next year's economy.

Budget crises bookend a rough year for savers

November 12, 2013

A year punctuated by two governmental budget showdowns brought no progress to deposit rates. Will 2014 be just as tough?

5 ways to protect older relatives from financial abuse

October 29, 2013

Financial scams are common today, and older people can be especially vulnerable to them. Here are five things you can do to protect your loved ones.

Will interest rates rise or fall in Q4?

October 15, 2013

Slower growth and greater uncertainty have darkened the economic mood in 2013, but could the fourth quarter bring a change?

6 ways to beat financial fraudsters

October 1, 2013

A new study indicates there is no shortage of financial con-artists on the prowl today. Learn how you can guard against them.

Are consumers wise to prioritize mortgage debt?

September 17, 2013

Americans appear to be more diligent about managing their home loans than other forms of debt. Learn why this may be both good and bad for their balance sheets.

How to 'right-size' your bank accounts

September 3, 2013

To get the most from your checking or savings account, it is important to know how the size of the account will affect the terms.

Who's snooping in your finances?

August 30, 2013

Learn how criminals today are aiming to access your financial information -- and what you can do about it.

Waiting for higher deposit rates? Don't hold your breath

August 21, 2013

Read three reasons why savings accounts have been slower to react to rising rates than mortgages -- and three things you can do about it.

What A-Rod can teach you about personal finance

August 20, 2013

A-Rod may be in trouble for drugs, but his errors suggest some possible money lessons too.

Are regulators nostalgic for the banking crisis?

August 6, 2013

The banking industry has stabilized since the Great Recession, but a new proposal might bring back some of the risks of the housing bubble.

Financial winners and losers of 2013's first half

July 23, 2013

Some types of investors had a great run in the first half of 2013, while others struggled to break even.

6 ways to prepare for unexpected financial events

July 19, 2013

Financial surprises seem to lurk around every corner today. Learn how you can anticipate and even benefit from them. 

5 triggers for switching banks

July 9, 2013

The recent climb in interest rates is just one of the things that can lead consumers to consider a new bank.

5 reasons to feel better about stock volatility

July 5, 2013

Recent up and downs in the market have made investors nervous, but things may be less precarious than they seem.

Future shock: Could 'normal' interest rates derail your finances?

June 11, 2013

Rates are rising slowly, but are your finances prepared to handle a return to historically normal interest rates? The numbers may surprise you.

3 reasons to be skeptical of recent market rallies

June 10, 2013

Stocks and real estate appear to be doing well, but are these appearances to be trusted?

Study projects more gains for stocks: Should you listen?

May 28, 2013

The stock market is set to continue upward, according to new projections by economists at the Federal Reserve Bank of New York, but that doesn't mean stocks are a safe bet.

6 ways to resist debt pushers

May 14, 2013

Americans are constantly bombarded with offers to borrow money, so learning to say no is an essential survival skill.

The tight-rope economy

April 30, 2013

Fed policies have put the economy on a tight-rope between recovery and speculation. Find out what the dangers could be.

Separating financial illusion from reality

April 15, 2013

There is no shortage of financial news today, but not all of it should be weighed the same.

A brief history of mortgage and deposit rates

April 2, 2013

How long will mortgage rate continue to rise? Will deposit rates soon follow suit? History may hold some clues.

Investing becomes an all-or-nothing game

March 19, 2013

Never in the past 50 years has a stock market peak been accompanied by such low interest rates. This gives investors a tough decision between safety and returns.

Savers' refrain for January: Wait'll next month

February 20, 2013

January left those hoping for better signs for the U.S. economy feeling like frustrated sports fans.

Will savings accounts follow bond yields higher?

February 5, 2013

A decisive upward trend in bond yields could be a sign that bank rates will head higher soon as well.

Concerned about the deficit? Start saving

January 24, 2013

With the fiscal cliff deal only adding to the federal deficit problem, Americans should build personal savings as protection.

Are current mortgage rates such a great deal?

January 8, 2013

Rates are at historic lows, but banks may be getting a better deal than consumers in today's environment.

6 things to do since the world didn't end

December 21, 2012

You may not have believed the world would end with the Mayan calendar, but this myth can serve as a useful reminder to plan for the future.

Are workers responding rationally to retirement worries?

December 11, 2012

A new survey highlights some of the rational and irrational ways that American workers are addressing their retirement concerns.

5 steps to take before you quit

November 27, 2012

About 2 million Americans quit their jobs every month, but the smart ones make the right financial preparations first.

Protecting your finances from emergencies

November 12, 2012

Hurricane Sandy reminded Americans about the importance of disaster preparedness, and no disaster plan should lack provisions for your finances.

Retirement survey reveals wishful thinking, blind faith

November 6, 2012

A new T. Rowe Price study shows that even people who have started saving for retirement have significant room for improvement. Learn what their strategies lack.

7 ways to hand down good money habits

October 22, 2012

Imparting strong financial skills to your children may be even more important than providing them with an inheritance. Find out how to achieve it.

Inflation throws a curve at interest rates

September 28, 2012

An August spike in inflation creates new problems for the economy, and both borrowers and depositors might pay the price.

The perils of small-business pessimism

September 19, 2012

A new survey found weak payroll activity and fading optimism at small businesses, which doesn't bode well for the economy or savings account rates.

Economic signposts to watch this fall

September 5, 2012

The fate of interest rates and other economic conditions is likely to hinge on the outcome of these upcoming events.

Will the tide soon turn for savers?

August 23, 2012

The tide of falling deposit interest rates can't last forever. Read why a turnaround might finally be in the works.

Mega-bank pioneer rethinks the world he built

August 3, 2012

Sanford Weill's vision of banking helped bring on the financial crisis, but he has a different take on things today.

How the LIBOR scandal could affect you

July 25, 2012

Direct victims of the LIBOR scandal may be hard to trace, but everyone in the financial system could be hurt by the fallout.

Stuck in traffic: Savings accounts test depositor patience

July 17, 2012

Waiting for higher savings account rates has been an exercise in frustration -- much like being at the back of a long traffic jam.

5 ways JPMorgan's troubles may affect you

June 5, 2012

The bank's recent $2 billion loss could impact consumers in several ways.

Goldilocks and the three banks

May 29, 2012

Here are four tips for finding the "just right" bank for you.

Yanking Bernanke's chain

May 2, 2012

Calls for QE3 reflect a certain short-sightedness on the part of investors. Read what another round of quantitative easing could mean for deposits.

Beware of regional rate differences

April 23, 2012

Regional differences in deposit rates are significant, but they can be overcome with the right approach.

Retirements survey finds many tripping over financial hurdles

April 6, 2012

A new study illustrates how a comfortable retirement is not one goal, but the culmination of a series of financial goals.

A clean and simple approach to investing

March 29, 2012

An automated asset allocation model and Exchange-Traded Funds help Betterment keep costs down for investors.

Financial emergencies: 6 tips for coping

March 21, 2012

You can't always avoid financial trouble, but these six tips may help you handle it more gracefully.

Misdirected justice: The national mortgage settlement

March 12, 2012

Mortgage companies deserved to be punished for the practice of robo-signing, but whether the settlement money is being applied fairly is another question.

2012 scorecard for savings accounts

February 28, 2012

This simple tally can help you process economic events as they unfold in 2012 and see if they are good or bad for your savings account.

Stocks top savings accounts for income

February 8, 2012

Stocks may be much riskier than savings accounts, but they've actually been more stable in recent years when it comes to income production.

Planning your 2012 financial check-up

January 31, 2012

Take these five steps toward a check-up that will strengthen your financial plans.

4 reasons retirement savings may thrive in 2012

January 11, 2012

People are all too familiar with the recent adversity facing investors, but here are four reasons why 2012 could be better for retirement savings.

Tax strategies for a poor investment year

December 15, 2011

While returns were agonizingly low in 2011, the right tax approach can help ease the pain.

MoneyRates Monthly Resolution #12: Be disciplined about your holiday shopping

December 7, 2011

Read four tips for keeping your gift-buying from getting out of hand this holiday season.

New GDP release: good news for deposits?

November 29, 2011

The latest estimate of GDP for the third quarter isn't a home run, but it's at least a hit.

MoneyRates.com 2011 resolution #11: Re-prioritize your credit card debt

November 6, 2011

In today's environment, emphasizing debt reduction over saving may make sense.

The housing market: Good news or bad news?

October 18, 2011

There is still plenty of bad news about the housing market, but from a buyer's perspective, good news predominates.

Why would you pay for a checking account?

October 6, 2011

Banks could ease the transition to fee-based checking accounts by bundling in additional services.

MoneyRates.com 2011 resolution #10: Re-stock your emergency fund

October 5, 2011

Rebuilding your emergency fund should be a priority as soon as you've weathered the crisis that forced you to tap into it.

Are current mortgage rates and housing prices nearing the bottom?

September 26, 2011

Analysis finds that neither has much room to fall.

Current mortgage rates: nearing absolute zero?

September 15, 2011

Waiting for mortgage rates to fall even farther could be a fool's game, because current mortgage rates are barely above inflation.

Forget the free toaster; ask about ATMs

September 6, 2011

New ATM fees for non-customers make a bank's ATM locations an even more important consideration in choosing a checking account.

How low are current mortgage rates? 3 convincing answers

July 15, 2011

For all the hype associated with the real estate market, one thing is very true: current mortgage rates represent an extraordinary opportunity for borrowers.

Retirement savings: 4 tips for fixing the three-legged stool

March 28, 2011

Find out what you should do to address the retirement income gap that many Americans are facing.

Why your asset allocation should be flexible--like basketball

February 28, 2011

Find out why you should manage your asset allocation like a basketball coach by having defined roles, but the flexibility to make substitutions.

Uncle Sam wants you--to watch out for mortgage scams

January 31, 2011

The Federal Reserve offers five important tips for avoiding mortgage foreclosure scams.

Will current mortage rates make eliminating the mortgage interest deduction less painful?

December 28, 2010

Find out why the proposal to cut the mortgage interest deduction may hurt less than you think.

Reviewing 2010: Two essential accomplishments for a year of minimal interest rates

December 14, 2010

Find out what you can do to make the best of a highly unusual year for money market rates and mortgage rates.

Should savers be sympathetic to borrowers?

November 15, 2010

Read some of the reasons why savers may resent borrowers these days -- and vice versa.

Savings accounts must gain as Americans lose debt

November 3, 2010

Find out how much progress Americans are making in paying down debt -- and what the next step is.

Will new legislation protect your checking account from yourself?

October 15, 2010

Find out whether other checking account customers are opting in to overdraft protection, and how you should make this decision.

Are money market rates at absolute zero?

October 11, 2010

Find out whether bank rates can fall any farther -- and what can get them moving back up again.

4 ways to navigate a double-dip recession

September 20, 2010

Concerned about a double-dip recession? Here are a few timely financial tips if the economy starts sliding again.

Deflation and bank rates: Good or bad news for depositors?

August 20, 2010

Why is deflation returning to the economic discussion, and what does it means for your bank rates?

Look Before You Leap: There Are Dangers Outside of the Stock Market Too

June 27, 2010

Choose your alternatives wisely when you decide to pull out of the stock market for a while.

Safe Harbor: From Money Market Accounts to Municipal Bonds

June 10, 2010

When stocks take a nosedive, many investors flee for safe harbors to park their cash. What are some popular alternatives to stocks, and what are the risk characteristics of these investments?

How Financial Services Companies Can Rebuild Their Reputations

May 28, 2010

Banks and other financial services firms took a beating as an industry, ranking near the bottom in a recently released poll measuring reputation. What should financial firms do to regain some of that lost credibility?

Savings Rates Get a Jump-Start with Tax Refunds

May 17, 2010

Should you get a refund or lower your withholding? It depends on what you'd do with your refund.

Bank Size and Stability: A MoneyRates.com Analysis

April 22, 2010

How might a bank's size relate to the stability of its deposits? MoneyRates looks at bank failures in 2009.

How Much Money Do You Need to Retire?

April 1, 2010

To calculate savings rates needed to fund retirement, MoneyRates recommends that you have a handle on key assumptions such as inflation, life span, and rate of return.

Three Greek Lessons for US Bank Rates

March 24, 2010

How does the financial crisis in Greece provides examples of what depositors should watch out for in the United States?

Bank Rates Have an Unlikely Competitor in Stock Dividends

February 11, 2010

A MoneyRates analysis shows that bank rates have fallen so far that they are not even competitive with stock dividend yields, based on a comparison using 1-month CD rates.

Bank Rates Had a Decent Decade, Despite a Weak Finish

January 28, 2010

Bank rates may seem disappointing now, but looking back over the decade reinforces the value of deposit accounts.

Better Bank Rates in 2010? Three Things to Look For

January 20, 2010

If you are hoping this year is a better year for bank rates, then keep an eye on these three economic trends.

A Bizarre Twist for Bank Rates

December 27, 2009

As far removed as savings account rates, money market rates, and CD rates may seem from Middle Eastern finances, a recent debt crisis in Dubai could mean another hit to bank rates.

Time to Check Up on Savings Rates

December 11, 2009

Household savings rates are especially crucial with bank rates low, so year end is a good time to examine whether your savings rates have met your goals.

6 Lessons of the Harvest for Savers

November 25, 2009

MoneyRates.com reminds retirement savers that planning for retirement is like preparing a Thanksgiving feast -- you must build your savings rate over time for a successful harvest

Bank Rates and Savers Should Benefit As Recession Ends

November 20, 2009

Bank rates should start to rise as the recession ends, meaning people who have improved their savings rate can benefit from higher CD rates, savings account interest rates, etc.

Bank Rates May Have to Change Soon in Response to Inflation

November 4, 2009

The best way to make sure your bank rates adjust to rising inflation is to stay in short-term accounts.

Bank Rates Could Take a Hit from Latest FDIC Proposal

October 22, 2009

A recent FDIC proposal could affect your savings account interest rates and CD rates--and possibly even your bank's health.

With Savings Interest Rates Low and Bank Fees Rising, Customers Must Take Care

October 7, 2009

Higher bank fee rates can wipe out any savings account interest you earn, or even zero out your account balance, so be sure to know how much you are paying, and for what.

FDIC Bailout May Depress Savings Account Rates, Money Market Rates, and CD Rates

September 22, 2009

As the FDIC needs more money to pay for failed banks, the burden may fall unfairly on the shoulders of savers in the form of lower money market rates, and other bank rates.

Improve Your Savings Rate to Build Up Your Emergency Savings Account

September 4, 2009

The best time to build up an emergency savings account is when the economy is showing some strength.

Aim for a Higher-Than-Average Savings Rate Especially when Interest Rates Low

August 20, 2009

The national savings rate has recently climbed to 5%, but with today's low interest rates, this would not necessarily be good enough to earn you a comfortable retirement nest egg.

Four Signs It May Be Time to Change Your Savings Account

August 11, 2009

If one or more of these four signs applies to you, then it may be time to change your savings account.

US personal savings rate

August 4, 2009

The Bureau of Economic Analysis released data today which showed the personal savings rate in the U.S. climbed from 4% to 5% during the second quarter of 2009.

Should You Share Bernanke's Views on Inflation and Interest Rates?

July 21, 2009

CD rates and yields on money market and savings accounts may lose if inflation rises, but they also retain the flexibility to capture rising interest rates.

Treasury Interest Rates Have Risen -- Why Haven't CD Rates?

June 30, 2009

Treasury interest rates have risen, largely on concerns about an eventual return of inflation, but CD rates have barely moved, meaning you must shop around for the highest CD rates

Interest Rate Volatility: What it Means for CD rates

June 12, 2009

People choose deposit accounts, such as savings accounts, certificates of deposits, and money market accounts because they want to avoid risk. However, risk comes in many forms, and one risk these accounts are open to is interest rate volatility. With signs that a new round of interest rate volatility may be on its way, this may be a good time to review interest rate risk.

Economic News Suggests Low CD Rates May Be Here for a While

June 9, 2009

Learning to make the best of current CD rates may be the best approach to an economic environment which suggests low interest rates are here to stay for a while.

Beyond Today's Interest Rates: Comparing Certificates of Deposit and Savings Accounts

May 18, 2009

With some savings account rates actually competitive with interest rates on certificates of deposit, it is important to recognize other factors before making a snap decision.

CD Rates: It Turns Out Slow and Steady Does Win the Race

April 30, 2009

Conservative investments like certificates of deposit may not be exciting, but CD rates have done better than stocks over the past ten years, and still look good if you take into account inflation

Three Reasons Why CD Rates Are Likely to Rise

April 16, 2009

Forecasting interest rates is a notoriously risky exercise. Even so, looking at rates right now, it seems they are almost certain to rise, especially at the short end of the yield curve. Short term rates have the greatest impact on things like saving account interest rates, money market rates, and CD rates.

About Richard Barrington, CFA & MoneyRates.com Senior Financial Analyst

January 1, 1999

Richard Barrington

Richard Barrington, CFA, is the primary spokesperson and personal finance expert for MoneyRates. He is a 20-year veteran of the financial industry, including having served for over a dozen years as a member of the Executive Committee of Manning & Napier Advisors, Inc. Richard has written extensively on investment topics, including investments, money market accounts, Certificates of Deposit's and personal finance as it relates to retirement. Richard has been quoted by numerous media publications such as the New York Times, the Wall Street Journal, and Pensions & Investments magazine.