GOBankingRates Answers Americans' Biggest Questions About 2015 Interest Rates
The leading personal finance site releases its ultimate guide to 2015 interest rate projections, including expert analysis, historical data and consumer insights for mortgage, credit card, banking and auto products
LOS ANGELES, Dec. 9, 2014 /PR Newswire/ -- 2015 will be a great year for car buyers but a tough one for savers, according to a new investigation released by GOBankingRates. As a premier interest rates website, GOBankingRates compiled 2015 projections for mortgage, credit card, car loan and banking rates from industry authorities, providing expert analysis to help consumers understand how rate changes next year will affect their wallets – and how they can prepare.
Additionally, the study includes a complete breakdown of historical trends and a beginner's guide to what influences interest rate increases.
"Next year, more than ever, it'll be crucial for Americans to track interest rates and adapt their spending and savings habits accordingly," said Casey Bond, GOBankingRates' managing editor. "For example, rising loan rates mean you should prioritize paying off debt, while low deposit rates overall mean you'll have to look harder to find higher yields -- and move quickly when they become available. Just because rates are higher or lower overall doesn't mean there aren't outliers – they're just harder to find. Luckily, sites like GOBankingRates.com make the search less grueling."
Additional insights:
- Credit Cards: Americans with variable-rate credit cards will see their payments increase.
- Car Financing: Auto loan rates will remain low but demand will increase; Americans will see better loan rates from big banks next year, as they fight to stay competitive with credit unions.
- Bank Accounts: Savers will need to shop around to find high-yield products that keep pace with inflation; their best option will be flexible accounts (like add-on or bump-up CDs) that allow for a rate increase.
For more insights into how your money will be affected in 2015, visit: http://bit.ly/1qn8EZF
About GOBankingRates
GOBankingRates.com is a leading portal for personal finance news and features, offering visitors the latest information on everything from interest rates to strategies on saving money, managing a budget and getting out of debt. Its editors are regularly featured on top-tier media outlets, including U.S. News, Business Insider, Daily Finance, Huffington Post and more.
Contact:
Connie Lundegard
GOBankingRates.com
[email protected]
310.297.9233 x112
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SOURCE GOBankingRates
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