The Federal Reserve and Your Money

The U.S. central bank has lifted interest rates to a 22-year high, impacting how much you pay to borrow money 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

How the Fed impacts mortgage rates

The Federal Reserve’s decisions have ripple effects, including for mortgages.

3 min read

What Fed rates mean for housing

The Fed again held steady with no new rate hike at its second meeting of 2024.

4 min read

How the Fed affects savings rates

For savers, here’s what to consider when the Fed raises interest rates.

4 min read

The Fed and credit card rates

The Fed continues its fight against inflation, though rates could come down this year.

4 min read

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.

Mortgage rates

As economy slow, mortgage rates retreat

HELOC rates

This week's HELOC news and analysis

Credit card rates

Current credit card interest rates

Auto loan rates

Current car loan interest rates

Savings rates

What is the average interest rate for savings accounts?

CD rates

This week's outlook for CD interest rates

Essential reading

Follow us for the latest financial news:

Greg McBride, CFA Chief financial analyst, Personal Finance

Mark Hamrick Washington Bureau Chief, Senior Economic Analyst

Sarah Foster Principal U.S. Economy and Federal Reserve Reporter

Bankrate

Latest Articles

Fed leaves interest rates unchanged, signals openness to future cuts

Here’s what the Fed said on interest rates and the economy.

4 min read Jun 19, 2019
4 key themes to watch for at the Federal Reserve’s June meeting

Is it still too soon for the Fed to cut rates?

8 min read Jun 14, 2019
The Trump administration’s trade wars are whipping Fed policy back and forth

Here’s why Fed officials are so concerned about the trade war right now.

9 min read Jun 07, 2019
Survey: 40% of top economists expect Fed to cut rates over next year

Bankrate’s latest Economic Indicator survey finds economists are revisiting Fed policy predictions.

7 min read Jun 06, 2019
Here’s why low inflation has the Fed concerned right now

With the best job market in decades, the Fed is wondering why there isn’t more inflation.

7 min read May 07, 2019
Federal Reserve holds interest rates steady, notes unexpectedly soft inflation

The Fed continues to delay any interest rate moves amid persistently low inflation.

4 min read May 01, 2019
3 things to watch for at the Fed’s April-May meeting

The Fed will most likely hold interest rates steady, but here’s how it could still impact your wallet.

7 min read Apr 26, 2019
Federal Reserve leaves interest rates unchanged, sees no more hikes this year

The Fed voted to leave interest rates alone for the second-straight meeting.

5 min read Mar 20, 2019
Economists survey: Expect the Fed to hike again in 2019, but mortgage rates won’t take off

Two-thirds of economists surveyed say the U.S. central bank will increase borrowing costs again in 2019.

6 min read Mar 06, 2019
5 economic issues to watch closely in 2019

From trade worries to market volatility, pay attention to these trends in the new year.

4 min read Dec 20, 2018
Meet Jerome Powell, the new chair of the Federal Reserve

Learn all about Jerome Powell, who is presiding over his first FOMC policy meeting.

3 min read Mar 21, 2018
RSS Directory

Bankrate delivers the latest news to you.

3 min read Sep 25, 2015