Interest Rates May 2024. The federal reserve left its key interest rate unchanged at between 5.25% and 5.5% — the highest level in more than a decade — as annual inflation rates continued to stall. The fed raised interest rates aggressively in 2022 and 2023, and has kept its benchmark rate at the highest level in more than two decades for.

The fd interest rates for the general public range from 2.75% p.a. August 23, 2024 11:06 am et.