What the Fed’s interest rate decision means for your savings - CNN
Jun 12, 2024 · The Fed keeps interest rates at 23-year high for seventh-straight meeting. Those rates will likely stay high for a while. At this point, only one cut is seen as likely before the end of the year ...
Savings - Latest News, Guides and Analysis to Help You Maximize …
The latest personal finance news, analysis and insights, covering retirement, how to manage your savings, tax guidance and more.
How the Fed Affected Your Savings Account in ’23 and What’s Next
Dec 14, 2023 · In a year that saw the Fed rate reach its highest level in more than two decades, savers end 2023 on a high note. Consumers can maximize their savings for 2024.
Americans are saving less these days. Here’s why and what that ... - CNN
Apr 14, 2024 · The personal saving rate fell to 3.6% in February, the lowest level in more than a year, and in recent years it has hovered below levels seen in the decade before 2022.
Savings Forecast: Are Rates Going Up or Down? - NerdWallet
Mar 14, 2024 · The highest savings interest rates today are around 5% — about 10 times what they were two years ago. The elevated bank yields have been good for savers. But will rates continue to climb? Or is...
10 best high-yield savings accounts in October 2024: Up to 5.05
3 days ago · High-yield savings accounts can offer better interest rates than regular savings accounts — in some cases more than 10 times the current average annual percentage yield (APY) of 0.46% as of...
Savings account interest rates just hit a 15-year high, but fewer ...
Apr 20, 2023 · Top-yielding online savings account rates are now just north of 5%, the highest since 2008, and much higher than last year's 0.8%, according to Bankrate.com. Even Apple got in the game with a...
What Today's Fed News Tells Us About 2024 Savings and CD Rates
May 1, 2024 · The best savings account and CD rates are still at or near 20-year highs. But where will they head from here? Here's what we learned today from the latest Fed meeting.
New Spending Bill Makes It Easier for Americans Saving for …
Dec 20, 2022 · The federal spending package unveiled on Tuesday includes new provisions that would alter how millions of Americans save for retirement, including older people who want to stash away extra money...
Retirement for Gen X: How To Play Catch-Up on Savings If You’re …
1 day ago · The under-50 bracket is allowed to contribute up to $23,000 in a 401 (k) and $7,000 in an IRA. Gen Xers over 50 enjoy catch-up contributions of up to $7,500 per 401 (k) and $1,000 per IRA,” said ...