Signs point to a 1/4 point interest rate cut today. What this means for you:

- Savings yields on things like money market accounts, online savings accounts, and certificates of deposit will drop.
- APR on credit cards with variable interest tied to the prime rate will drop.
+ Stocks have rallied and will continue to until everyone remembers all those defaulting loans.
- Banks will cut their loan rates, creating an opportunity to negotiate your higher interest loans into lower ones.

(Photo: Getty)