The overall average interest rate on a savings account is just 0.55%, according to Bankrate. Online banks can offer some of the highest rates in the industry because they have lower overhead costs ...

Bankrate reports that top high-yield savings account rates for January 2025 are between 3.80% and 4.75%. And if you shop around, you may find an account that offers an even higher rate than that.

However, high inflation and interest rates since the COVID-19 pandemic have made it even more difficult for people to save ...

While you might not be able to withstand inflation's impacts directly, there are ways to cushion your money to reduce its ...

The Federal Reserve raised interest rates at the fastest pace in 40 years during 2022 and 2023 in an effort to rein in ...

Generally, when inflation is high and the economy is in overdrive, the Fed tries to pump the brakes by setting higher ...

The Federal Reserve’s decision on Wednesday to keep its overnight bank lending rate where it is — following a full percentage ...

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.

Today's best savings accounts are paying near record rates, and the highest APYs of all are offered to kids. See how they can earn as much as 10% on their cash in the bank.

However, high inflation and interest rates since the COVID-19 pandemic ... This data comes from Bankrate’s yearly Emergency Savings Report, an exclusive survey-based report conducted by Bankrate ...