The Fed raised interest rates a quarter of a point this afternoon. Here’s what it means for your money.

Savings: “The ‘average’ saver won’t see much benefit because the ‘average’ financial institution is unlikely to increase the measly payouts in a meaningful way,” said Greg McBride, chief financial analyst for Bankrate.com.

Those salting away their cash in a bank account have earned next to nothing in interest for the past few years. That won’t really change.