The Federal Reserve is likely going to cut rates only twice this year, as inflation takes longer to slow than U.S. central bankers currently think, according to the 2024 interest rate forecast from Bankrate’s chief financial analyst Greg McBride, CFA. That’s one cut fewer than U.S. cent...
2025 high-yield CD rate forecast By year’s end, top-yielding 1-year CDs will earn 3.70% APY, while top 5-year CDs will earn 3.95% APY, according to McBride. Average CD APYs saw little change in 2024, while competitive APYs decreased ...
At the end of 2024, McBride forecasts an average credit card rate of 19.90 percent.Key credit card interest rate insights Highest average credit card interest rate in 2023: 20.74 percent (Dec. 27, 2023) Lowest average credit card interest rate in 2023: 19.59 percent (Jan. 4, 2023) ...
Learn more:Bankrate's 2025 savings rates forecast How to choose the best savings account for you The three most important factors to consider when choosing a savings account are: Finding a competitive yield Not paying monthly service fees
The beginning of rate cuts and averting a recession will be the keys to lower auto loan rates in 2024 — at least for borrowers with strong credit profiles.— Greg McBride, CFA | Bankrate Chief Financial Analyst However, those with weak credit profiles should expect double-digit interest rates...
Personal Loan Interest Rate Forecast For 2024 Average personal loan interest rates hover around 12 percent in early 2024. How to get a debt consolidation loan Whether you have bad credit or excellent credit, the steps for getting a debt consolidation loan are the same. However, you will hav...
2024 interest rate forecast Bankrate Chief Financial Analyst Greg McBride expects interest rates to remain high throughout 2024 — even after the Fed made cuts. “Any Fed cuts are going to be modest relative to the significant increase in rates since early 2022,” McBride said as part ofBankrat...
Personal Loan Interest Rate Forecast For 2024 Average personal loan interest rates hover around 12 percent in early 2024. How to get a debt consolidation loan Whether you have bad credit or excellent credit, the steps for getting a debt consolidation loan are the same. However, you will hav...
Bankrate’s Interest Rate Forecast for 2024: Mortgages, credit cards and more will stay pricey, even if the Fed cut rates Banking By Sarah Foster 11 min read Bank of America personal loans: 2024 review Personal Loans By Kellye Guinan 3 min read When are taxes due? Tax deadlines for...
Personal Loan Interest Rate Forecast For 2024 Average personal loan interest rates hover around 12 percent in early 2024. Pros and cons of bad credit personal loans Personal loans for borrowers with bad credit can provide access to quick cash in an emergency or relief from high-interest rate...