Americans reported losing $12.5 billion to fraud in 2024, according to the most recent FTC data. That marks a 25% increase from the previous year. By comparison, in 2018 that number was $1.5 billion. Banking experts say they expect scams to become more elaborate and effective in 2026.

Explore how the prime rate influences consumer loans like mortgages, versus the repo rate's role in managing the money supply and short-term lending among banks.

The highest money market account rate available today is 4.22% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market Current Money Market Rates As of today,

Why we chose this company: If you’re looking for a short-term CD, Live Oak is a good option. The bank offers a 4% APY on its one-year CD, 3.90% on its nine-month CD, 3.80% APY on its six- and 18-month CDs and 3% on its three-month CD. The APYs then drop to 2% for CDs with longer terms than a year.

There may be gradual rate reductions, but you can still earn meaningful interest in a high-yield account. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website ...

Bank of Canada officials agreed on holding the overnight rate at 2.25% earlier this month, but are unsure whether their next policy shift will be to lower rates again or to raise them.