The Federal Reserve and Your Money
Borrowing costs are at a 23-year high thanks to the Federal Reserve's rapid rate hikes. 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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Cryptocurrency: What it is and how it works
Cryptocurrencies are managed through what’s called a distributed ledger such as blockchain.
8 min read Jul 19, 2024 -
Are CDs worth it right now? Here’s what experts say
With a possible recession looming, here’s what savers should know about CDs.
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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.
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What is inflation? Here’s how rising prices can erode your purchasing power
Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
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Top 18 tips for CD savers
These tips can help maximize your savings using certificates of deposit.
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Though Fed holds lending rates steady, subprime cardholders continue to feel sting of high interest rates
Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
4 min read Jun 12, 2024 -
How the Federal Reserve affects HELOCs and home equity loans
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
5 min read Jun 12, 2024 -
What the Fed’s continued rate pause means for homebuyers and sellers
The Fed again held steady with no new rate hike at its second meeting of 2024.
4 min read Jun 12, 2024 -
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 Jun 13, 2024 -
How does the Federal Reserve affect mortgages?
The Federal Reserve’s decisions have ripple effects, including for mortgages.
3 min read Jun 12, 2024 -
How does the Fed interest rate affect car loans?
Does the Fed interest rate affect car loans? Yes, it does: It has a domino effect that can raise or lower auto loan rates.
3 min read Jun 12, 2024 -
The Federal Reserve’s latest dot plot, explained – and what it says about interest rates
This Fed communication tool is important, but be cautious when interpreting it.
7 min read Jun 12, 2024 -
How the Fed rate changes impact student loan interest rates
The Federal Reserve’s actions can influence student loan interest rates.
5 min read Jul 01, 2024 -
Fed’s interest rate history: The federal funds rate from 1981 to the present
The key benchmark has been as high as 20 percent — and as low as 0 percent.
13 min read Jun 12, 2024 -
How the Federal Reserve impacts savings account interest rates
For savers, here’s what to consider when the Fed raises interest rates.
4 min read Jun 12, 2024 -
How the Fed impacts 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.
7 min read Jun 12, 2024 -
Biggest winners and losers from the Fed’s interest rate decision
While the Federal Reserve stood pat this time, it has raised rates a total of 11 times in this current cycle.
6 min read Jun 12, 2024 -
When will the Fed cut interest rates? Experts say later this year, if at all – here’s why
Some Fed officials are starting to rethink just how much they can cut rates.
9 min read Jun 12, 2024 -
Preview of the June Fed meeting: 3 key themes to watch as the economy slows but interest rate cuts remain delayed
Rate cuts are still delayed, but should they be?
7 min read Jun 11, 2024 -
6 key ways the Federal Reserve impacts your money
Every financial decision you make comes back to the Federal Reserve.
10 min read Jun 10, 2024
Related Topics
Helpful Links
- How to save money
- How to build an emergency fund
- Savings tips for different goals
- 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
- Inflation’s impact on auto rates
- When will car interest rates start dropping?
- Are interest rates going up on personal loans?
- Historical CD interest rates