Karen Bennett

2 weeks ago | bankrate.com | Karen Bennett |Yuliya Goldshteyn

The annual rate of inflation has reached its lowest level in four years, according to the consumer price index (CPI) report released Thursday. The 12-month inflation rate decreased in March to 2.4 percent from February’s rate of 2.8 percent. Prices fell on gasoline, used cars and trucks, auto insurance, airfare and recreation. Meanwhile, prices rose on food, medical care, new vehicles and clothing. These numbers don’t include any potential fallout from President Donald Trump’s trade tariffs.

3 weeks ago | abc3340.com | Karen Bennett

Your savings account has a variable interest rate, so your bank can choose to raise or lower that rate at any time. Due to this, the yield you’re currently earning might not be the same as it was last year or even last month. While such rate changes are ultimately up to the bank, there are several factors that can influence its decision to move its rates in either direction. These include changes to the federal funds rate, macroeconomic conditions and whether the bank is in need of deposits.

1 month ago | decaturdaily.com | Karen Bennett

These days, the perks of a shiny new bank account often include high yields and no fees, and many can be opened in mere minutes. Nevertheless, Americans with a checking account have held onto that account for an average of 19 years, while those with a savings account have had it for 17 years, according to Bankrate’s latest Checking Account Survey.

1 month ago | spokesman.com | Karen Bennett

These days, the perks of a shiny new bank account often include high yields and no fees, and many can be opened in mere minutes. Nevertheless, Americans with a checking account have held onto that account for an average of 19 years, while those with a savings account have had it for 17 years, according to Bankrate’s latest Checking Account Survey.

1 month ago | bankrate.com | Hanna Horvath |Karen Bennett

Today's highest CD rate across terms is 4.50 percent APY, offered on a three-month CD. For some CD terms, national averages are only yielding around one-third of the highest rates. In 2025 and beyond, APY levels on competitive CDs will likely move in lockstep with any changes the Federal Reserve makes to the federal funds rate. As we reach mid-March, it’s been a quiet month so far for changes in top rates on certificates of deposit (CDs).