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Key credit card interest rate insights. Highest average credit card interest rate in 2024: 20.79 percent (Aug. 24, 2024) Lowest average credit card interest rate in 2024: 20.27 percent (Dec. 31, 2024)
Based on the latest expectations for Fed rate cuts, I'd predict that the average credit card interest rate of 22.76% will fall to 21.76% by the end of 2024 and to 20.26% by the end of 2025.
In their most recent set of quarterly projections in September, Fed officials anticipated cutting the benchmark rate by another full percentage point to put it at around 3.4% by the end of 2025.
The rate is expected to close out 2025 at 4.3%, slightly below the prior 4.4% projection. How will the economy be in 2025? The Fed said it expects the economy to grow 2.5% this year, well above ...
Savings interest rates today: Yes, you can still find APYs of up to 5.05% as 2024 draws to a close — Dec. 30, 2024 ... 2025, though many experts expect the Fed will announce additional cuts to ...
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news. ... 2025. It's expected the Federal ...