By Margarette Burnette, NerdWallet If you kept money in a high-yield savings account this year, congratulations. Thanks to elevated interest rates, you probably enjoyed strong returns on those funds. And if you didn’t, don’t despair: Savings rates should remain solid through at least the beginning of 2025. As we head into the new year, here’s a recap of what happened with savings rates in 2024, what it means for your wallet and how to prepare for whatever changes may occur in 2025. A high-yield savings advantage The Federal Reserve’s federal funds rate remained relatively high this year, though there were some rate decreases in the second half of 2024.