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Welcome to Small Talks for Big Change, the podcast from Patelco Credit Union dedicated to educating our members with financial knowledge and tools to help them achieve financial wellness. In each episode, we will simplify complex financial topics and provide practical tips and advice that can be applied to everyday life.
 
Join our expert guests and host as we discuss a range of financial topics, from budgeting and saving to investing and retirement planning. We will also explore the latest trends in personal finance and provide insights into the challenges and opportunities facing individuals and families today.
 
Through engaging conversations and real-life examples, our podcast aims to inspire and educate listeners on how to take control of their financial lives and achieve their goals. Whether you're just starting your financial journey or looking to fine-tune your strategy, Small Talks for Big Change is the podcast for you.
 
So, if you're ready to make positive changes to your financial life, tune in and start your journey towards financial wellness today!
 
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  2. Understanding the High Savings Rates Environment

Understanding the High Savings Rates Environment

Apr 21, 2023

In this episode of Small Talks for Big Change, Michele Enriquez, the Membership Development Manager at Patelco Credit Union, interviews Walid Hissen, Vice President of Deposits for Patelco Credit Union.
 
Walid discusses the current savings rate environment and explains why rates on deposits are high while rates on loans are also high. He highlights the impact of inflation on the economy and how the Federal Reserve uses the discount rate to control it. He also explains the significance of certificate of deposit (CD) and why it is a good option for savings in the current market.
 
Walid stresses the importance of financial education, especially in the current market where the high rates may lead consumers to make uninformed decisions. The episode concludes with Walid's advice on the best savings instrument to use, based on the individual's financial goals and situation.