Low interest rates are hard on savers. You don't get rewarded for keeping cash in savings accounts and CDs.
There must be a silver lining somewhere, right? It's not hard to imagine how low rates are helpful to borrowers -- assuming you can qualify for low-rate loans.
These rates can also be helpful from a tax standpoint. The Wall Street Journal highlights a few ways that taxpayers benefit when interest rates fall [via William Perez]. Some of the strategies fit only if you're fortunate enough to be wealthy. However, even middle-America folks can come out ahead using family loans.
If you're not satisfied with what you earn at the bank, talk to a tax advisor who can provide creative (but legal) ways to take advantage of today's low rates.
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