This article was originally published in February 2015 and has been updated in February 2026 to reflect current information.

Interest rates are one of those economic topics that show up constantly in headlines, but rarely get explained in plain language. When rates are low, it can feel like “good news” across the board. Cheaper borrowing. Easier financing. More activity.

But low interest rates have a tradeoff. They help some people and businesses while actually creating challenges for others.

Here’s what low interest rates really mean, and where the benefits and risks tend to show up.

This article was originally published in December 2014 and has been updated in February 2026 to reflect current information.

If you have children or grandchildren and have the soaring costs of college education on your mind, you might want to consider a 529 plan as part of an overall long-term savings strategy.

Why do I need to think about my collection in terms of wealth management?

Numerous studies, including one operated by BMO Private Bank, have suggested that 10% to 25% of a family’s net worth can be comprised of art, jewelry or collectibles. This can be the result of a passionate hobby that is enjoyed throughout the course of one’s life or the result of an inheritance. Given the demand for rare artifacts of legitimate value, the price of these items can be astoundingly high.