Although his prospects seemed dimmer just a few days ago, Ben Bernanke is now expected to be reappointed to his position as Federal Reserve Chairman. The Fed’s Open Market Committee on Wednesday also reaffirmed its commitment to low interest rates. So what does all this mean for BankShout readers, especially depositors hoping for better returns?

In my opinion, it probably wouldn’t matter much to deposit rates if Bernanke made history by becoming the first Fed Chairman ever to not be reappointed. In the long run, the Fed has little choice but to keep key interest rates low until the U.S. economy starts to show stronger growth. That wouldn’t change regardless of who was in charge at the Fed.

BankShout followers can expect that deposit rates won’t be able to grow much until the Fed turns off the supply of cheap money. First Alan Greenspan and now Bernanke have been all too willing to keep interest rates low, which allows banks to borrow cheaply. Financial institutions just don’t need your deposits as badly; this helps to drive rates down.

All the more crucial, then, to bookmark BankShout. We will help you navigate the best bank deals and the greatest rates, whether at brick-and-mortar banks or at online financial institutions. When deposit rates are low, it just means you’ll have a bit more rate- shopping to do. This website can help, so visit often!