The Fed held interest rates steady; Will it cost you or make you richer? Find out how it changes your accounts, loans, and investment game plan

The Federal Reserve hasn't touched interest rates since December, and while it held its key interest rate unchanged in a range between 4.25%-4.5%, a mounting wave of economic unease, particularly fears over a tariff recession triggered by US president Donald Trump, might soon compel a shift, as per a report.

According to Yahoo Finance, these are how the ongoing interest rate pause is impacting one's wallet.

Checking Accounts

Most checking accounts barely pay any interest, the national average is still a mere 0.07%, as per the report.

Savings Accounts

Standard savings rates continue to remain at 0.41%. But high-yield savings offer returns in the 4% range, as per Yahoo Finance.

Money Market Accounts

The interest average is 0.62%, but high-yield versions continue to be around 4%. If you’ve got $10,000 or more parked, the money market could be worth considering, according to Yahoo Finance.

CDs

A 12-month Certificate of deposit (CDs) averages 1.77%, but better rates are out there if you’re willing to do some digging and park your money in a bank that may not be in your city, as per the report.

Mortgages

Home loans are still stuck in the mid-6% range and a little higher, as per Yahoo Finance. Mortgage rates are usually influenced by the bond market, particularly the 10-year Treasury note, as per the report. The bond market reacts to forecasts for economic growth or even when there is lack of it, as reported by Yahoo Finance.

According to Yahoo Finance report, Mortgage Bankers Association, Redfin, Realtor.com, and Zillow projected mortgage rates to remain in the 6% to 7% range till the end of 2025.

Personal Loans

Personal loan interest rates are still at 12%, way higher than the 9.5% average of 2020–2022, as per Yahoo Finance.

Credit Cards

The credit card rates have increased to more than 21% in 2025 from around 15% in 2021, as per Yahoo Finance.

FAQs

Why should I care if the Fed hasn’t changed interest rates?
Because it affects everything from your savings account to your mortgage and credit card bills.

What’s better than a regular savings account right now?
High-yield savings accounts. They’re still offering around 4%, way better than the average 0.41%.