The national average savings account interest rate is 0.38% as of August 8, 2025, according to the latest numbers available from the FDIC. You can earn exponentially more than that by opening a ...

Tax deductions. The interest paid on mortgage payments for your second home may be tax deductible in some cases, which could significantly reduce your total costs. A new revenue stream.

How to get a great mortgage or refinance rate today Even though interest rates are higher than they were a few years ago, both new homebuyers and current homeowners looking to refinance can secure ...

The FOMC meets eight times a year to consider lowering or raising the federal funds rate, a benchmark that influences the interest rates consumers pay for borrowing. The committee's remaining ...

With its announcement on July 30, 2025, the Bank of Canada (BoC) once again held its overnight rate at 2.75%, its third pause after seven consecutive rate cuts that started in June 2024.

It came as no surprise to anyone that the Federal Reserve cut the benchmark interest rate by another 25 basis points, or a quarter of a percentage point, on Dec. 18, bringing the target range down ...

The Federal Reserve said Wednesday it is holding its benchmark interest rate steady, marking a continuation of its "wait-and-see" approach as it assesses the impact of the Trump administration's ...

Fed goes with half-point interest rate cut. What that means. Story by Paul Davidson, Daniel de Visé, Medora Lee, Bailey Schulz, Riley Beggin, Zach Wichter and David Jackson, USA TODAY • 10mo ...

FED SKIPS AN INTEREST RATE HIKE, BUT HIGH MORTGAGE RATES COULD BE HERE TO STAY Inflation has cooled from a peak of 9.1%, but it remains well above both the Fed's 2% goal and the pre-pandemic average.