The Federal Reserve and Your Money
The U.S. central bank has lifted rates at the fastest pace in four 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
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Latest Articles
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Are banks open today? Federal bank holidays in 2023
Knowing bank holiday schedules can help you avoid delays on necessary transactions.
3 min read Sep 01, 2023 -
Should you buy a house during a recession?
How might a recession affect the housing market? Find out what the experts think.
7 min read Aug 22, 2023 -
U.S. debt downgrade means mortgages just got more expensive
The downgrade of U.S. debt created one more reason for mortgage rates to stay at a peak.
4 min read Aug 03, 2023 -
When will personal loan interest rates start dropping?
The Federal Reserve, while still raising interest rates, is indicating that a rate plateau may be on the horizon. However, it’s not a given that personal loan rates will fall anytime soon. At least until [...]
2 min read Jul 28, 2023 -
Fed hikes interest rates to 22-year high, keeps more increases on the table
The real question is: What will the Fed’s next moves be?
8 min read Jul 26, 2023 -
Younger Americans say they’d do anything from downsizing to buying a fixer-upper just for affordable housing
Hit with mounting housing woes, young people ask: Wait it out or make a sacrifice?
14 min read Jul 17, 2023 -
Survey: Economists see unemployment surging to 4.5% and sharp job growth slowdown
Experts, however, still don’t see a labor market as tough as it was during the pandemic.
6 min read Jul 12, 2023 -
Survey: Higher inflation could persist through at least 2024
While the worst of inflation may be over, the battle hasn’t yet been won.
5 min read Jul 12, 2023 -
Survey: Economists see 59% chance of a recession by July 2024
A recession hasn’t happened yet, but it’s likely still coming, economists say.
5 min read Jul 12, 2023 -
Survey: Economists predict Fed will lift rates to highest since 2001
Economists are taking the Fed at its word, penciling in more rate hikes.
5 min read Jul 12, 2023 -
Are CDs worth it right now? Here’s what experts say
With a possible recession looming, here’s what savers should know about CDs.
4 min read Jun 15, 2023 -
Fed holds off on interest rate hike but sees more increases coming this year
The Fed’s quest to defeat inflation, however, is nowhere near finished.
9 min read Jun 14, 2023 -
Federal Reserve rate hike impact on home equity
The latest news on the Fed and home equity rates
4 min read Jun 14, 2023 -
Inflation is slowing, but prices are still uncomfortably high — here’s what’s driving it
Getting inflation down to 2 percent may be the hardest task yet.
13 min read Jun 13, 2023 -
5 best investments that hedge against inflation, and others to avoid
Here are five of the best inflation hedges to help protect your portfolio against inflation.
5 min read Jun 05, 2023 -
How to break the credit card debt cycle
Learn about five ways in which you can break out of the credit card debt cycle.
4 min read Jun 05, 2023 -
When will the Fed stop raising rates? The time could be coming soon
Fed Chair Jerome Powell said interest rates “may not be far off” from their peak.
8 min read May 10, 2023 -
What is a bank bailout?
A look at what a bank bailout is with some examples of notable bank bailouts from the past.
5 min read May 01, 2023 -
Where are mortgage rates headed in May 2023?
Will the long-awaited decline begin this month?
3 min read May 01, 2023 -
What is cryptocurrency?
Cryptocurrencies are managed through what’s called a distributed ledger such as blockchain.
8 min read Apr 20, 2023
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Helpful Links
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- How to get the best mortgage rate
- How to get the best refi rate
- How often to compare mortgage rates
- Best low-risk investments
- How to pay off debt
- How much does it cost to buy a home?
- What's next for the housing market?
- How to make your paycheck last
- What debt should you pay off first?
- How to pay off credit card debt
- How to boost your credit score
- Tips for scoring a lower credit card rate
- Fed's interest rate history