The Federal Reserve has raised short-term rates five times since late 2015, but banks largely stood pat on deposit rates for rank-and-file customers. Now, with the Fed expected to lift rates again this week, there are signs this could change.

Topics:  federal reserve   fed   bank   deposit rates   
BING NEWS:
  • The Fed isn’t cutting rates, but these four banks are already paring rates on high-yield savings accounts
    The Federal Reserve’s benchmark interest rate is staying put for now, but a handful of large banks are starting to trim the rates they offer on ...
    05/2/2024 - 3:32 am | View Link
  • US Federal Reserve leaves interest rates unchanged, what’s next for banks and customers?
    With the US Federal Reserve’s announcement Wednesday to hold interest rates steady at a target benchmark of 5.25-5.50%, broad implications of this decision are starting to line up across the financial ...
    05/2/2024 - 12:05 am | View Link
  • Americans See Money in Bank Accounts Increase
    The savings gains happened as the average interest rate on regular bank savings accounts is 0.5 percent. In some cases, at larger banks, it's as low as 0.01 percent.
    05/1/2024 - 1:06 pm | View Link
  • What Today's Fed News Tells Us About 2024 Savings and CD Rates
    The best savings account and CD rates are still at or near 20-year highs. But where will they head from here? Here's what we learned today from the latest Fed meeting.
    05/1/2024 - 10:01 am | View Link
  • House price growth eases to 0.6% in April amid rising mortgage costs: Nationwide
    Nationwide's latest analysis has revealed that continuing cost of living pressures are holding first-time buyers back.
    04/30/2024 - 7:49 pm | View Link
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