Savings rates stay strong despite dips: A 2024 recap and what’s next for 2025
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.
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