How can Interest Rates affect both Savings and Consumption

-High Interest Rates will discourage Consumption, but instead, will Save to take advantage of the Higher Rates they get, and will not Borrow Money. -Higher rates may also lead to less Disposable Income as People will pay more on Existing Loans and Mortgage -The Opposite is true if Interest Rates Fall [C goes Up, Savings down —> More Loans taken out —> More Disposable Income as less spent on Loans and Mortgages]