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.

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  • Savings Rates Stay Strong Despite Dips: A 2024 Recap and What’s Next for 2025
    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 ...
    12/18/2024 - 9:57 am | View Link
  • Wall Street dips, dollar strengthens as Fed cuts rates, tempers outlook
    Wall Street turned lower and the dollar gained strength on Wednesday after the U.S. Federal Reserve delivered the expected rate cut, but sent a clear signal that it will ease the pace of further cuts ...
    12/18/2024 - 8:53 am | View Link
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