The Federal Reserve news and your money
The U.S. central bank is hiking rates at the fastest pace in decades, impacting how much you pay to borrow and how much you earn when you save. Get advice and stay informed on what to do with your wallet.
The Fed's impact on your wallet
The latest interest rates
Every time the Federal Reserve adjusts interest rates, borrowing and savings rates move in lockstep. Compare Bankrate data to see how the latest Fed decision is impacting rates on key consumer products.
As economy slow, mortgage rates retreat
This week's HELOC news and analysis
Current credit card interest rates
Current car loan interest rates
What is the average interest rate for savings accounts?
Essential reading
9 myths about the Federal Reserve — debunked
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Latest Articles
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Latest on the banking crisis: Failures of Silicon Valley, Signature; other struggling banks; another Fed rate hike and more
Silicon Valley Bank’s Failure set off a chain of events depositors need to know about.
21 min read Mar 24, 2023 -
Younger Americans’ finances were already trailing behind older generations. Then came inflation
For younger generations, the economy may feel like it’s never worked in their favor.
15 min read Mar 23, 2023 -
Fed lifts interest rates another quarter point despite major bank distress
The Fed remains focused on battling inflation.
8 min read Mar 22, 2023 -
Biggest winners and losers from the Fed’s interest rate hike
As the Fed raises interest rates, here are the biggest winners and losers from its latest decision.
5 min read Mar 22, 2023 -
How the Federal Reserve affects mortgage rates
Analysts widely expect the Federal Reserve to again hike its key rate in November.
2 min read Mar 22, 2023 -
How the Federal Reserve affects ARMs, HELOCs and home equity loans
If you have a home equity loan or variable-rate mortgage, pay attention to the Fed.
2 min read Mar 22, 2023 -
How the Federal Reserve impacts personal loans
The Federal Reserve raised interest rates several times. These interest rate changes are likely to affect the rates of personal loans.
4 min read Mar 22, 2023 -
Federal Reserve rate hike impact on home equity
The latest news on the Fed and home equity rates
5 min read Mar 22, 2023 -
How the Fed impacts student loans
Some borrowers may want to pay attention to the Fed’s rate adjustments.
4 min read Mar 22, 2023 -
How the Federal Reserve impacts savings account rates
For savers, here’s what to consider when the Fed raises interest rates.
3 min read Mar 22, 2023 -
How the Fed affects auto loan rates
The Fed rate has a domino effect that can raise or lower auto loan rates.
3 min read Mar 22, 2023 -
Fed’s interest rate history: A look at the fed funds rate from the 1980s to the present
The key benchmark has been as high as 20 percent — and as low as 0 percent.
9 min read Mar 22, 2023 -
Take these 10 steps now after the Fed’s latest interest rate hike
Consumers are witnessing the most hawkish Federal Reserve in decades. Here’s how to respond.
11 min read Mar 22, 2023 -
Subprime credit card holders hit hardest by rising interest rates
Why subprime borrowers are vulnerable to rising interest rates, and how to prepare.
4 min read Mar 22, 2023 -
Why are credit card APRs so high?
Credit card interest rates have a high mark up over the prime rate. Why are card APRs so high?
5 min read Mar 22, 2023 -
Here’s what the highest Fed rates in more than a decade mean for your money
The Fed impacts almost every financial decision you make.
9 min read Mar 21, 2023 -
What is a bank bailout?
A look at what a bank bailout is with some examples of notable bank bailouts from the past.
4 min read Mar 20, 2023 -
The Silicon Valley Bank collapse: What you need to know
Silicon Valley Bank’s failure caused quite a stir. Here’s what’s going on there now.
5 min read Mar 17, 2023 -
March Fed meeting preview: Will the Fed raise rates after Silicon Valley Bank blowup?
Even experts are divided on whether the Fed will hike or hold.
8 min read Mar 15, 2023 -
How Fed rate hikes impact stocks, crypto and other investments
The best way for most investors to approach this type of market is to stick to the long-term plan.
6 min read Mar 15, 2023