Comment on Savings rates stay strong despite dips: A 2024 recap and what’s next for 2025

Savings rates stay strong despite dips: A 2024 recap and what’s next for 2025

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.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News