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Recommended reading

Money next to flashing sirens

Bankrate’s 2024 Annual Emergency Savings Report

Banking
If you’re struggling to pay off debt and build savings, you’re not alone.
By Lane Gillespie
12 min read
Woman watering plants.

Current CD rates for September 2024

Banking
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
By Matthew Goldberg
3 min read
Savings account and money market rate forecast

Savings and money market account rates forecast for 2024: Yields will dip but remain higher than inflation

Banking
Expect savings and money market account yields to slide lower, but they still should outpace inflation
By Matthew Goldberg
2 min read

Exclusive insights from our expert analysts

“The sooner you lock in [with a CD rate], the better, because yields have peaked, but inflation is going to continue to decline throughout 2024.”

– Greg McBride, CFA

CD rates forecast for 2024: Expect banner year for savers with strong yields, lower inflation rate

The year 2023 came to a close with yields that had peaked on certificates of deposit (CDs) and other deposit accounts. Although Federal Reserve rate cuts are possible in 2024, it should remain a strong year for savers as annual percentage yields (APYs) stay high overall and inflation hopefully cools further.
Read more

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Latest articles

Couple works on bills

Survey: 2 in 3 see no boost in personal finances in 2022

U.S. consumers see inflation as the biggest threat to improving personal finances.
Dec 20, 2021
Federal Reserve Chair Jerome Powell speaks beside President Joe Biden after he was nominated for a second term

Fed sees three rate hikes in 2022 and speeds up its taper of bond purchases

Soaring inflation is making it hard for the Fed to justify its aggressive policies.
Dec 15, 2021
Two young brothers bake cookies together.

10 ways to save money during the holidays

It’s easy to get caught up in the holiday spirit and overspend. Here are ways to avoid that trap.
Dec 06, 2021
Two people are in front of a Capital One Bank.

Capital One eliminates overdraft fees

Capital One Bank will no longer charge overdraft fees starting in early 2022.
Dec 01, 2021
Cashier and customer wear face masks at a store during the pandemic

Worried about your finances and job security beyond the pandemic? Here’s 7 steps to take

More than 3 in 5 Americans are worried about their incomes over the next six months.
Nov 29, 2021
Holiday shoppers gather in Macy's for holiday shopping during the coronavirus pandemic.

5 tips to beat inflation and overcome shipping problems during your holiday shopping

Experts say it’s time to prepare now for an expensive gift-buying season.
Nov 26, 2021
Fed Chair Powell testifies before the Senate Banking Committee

Biden picks Jerome Powell for new term as Federal Reserve chair

The appointment gives Powell the chance to finish the U.S. central bank’s pandemic response.
Nov 22, 2021
Chef delivers food to a table outside during the pandemic.

The Great Resignation: Why millions of workers are leaving their jobs and what to consider before quitting

A game of hiring musical chairs is afoot — and it doesn’t look like it’ll be stopping anytime soon.
Nov 17, 2021
white-collar woman looks tired in the office

Are we in a recession or ‘vibecession’?

Despite strong economic indicators, many Americans are experiencing a “vibecession.”
Aug 30, 2024
Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank

What is the average interest rate for savings accounts?

Comparing savings rates can ensure you get the best return on your savings.
Aug 29, 2024
Financial manager meeting with couple in bank branch office

National average money market account rates for August 2024

Get the latest rates on top-yielding money market accounts.
Aug 29, 2024
A man does research on his laptop.

What is an add-on CD?

Add-on CDs can offer more flexibility than a traditional CD.
Aug 29, 2024
Man in coffee shop using laptop with a card in his hand.

What is Regulation E? Protect yourself from electronic banking fraud and errors

The rule provides a framework for settling unauthorized debit-card transactions.
Aug 29, 2024
Person reading credit card statement

What is an overdraft fee and how can you avoid it?

Here are easy actions you can take to avoid the fee of get it waived.
Aug 29, 2024
woman managing personal banking and finance at home

How to change up your savings strategy as a freelancer

Working as a freelancer requires a new approach to saving money. Here’s how.
Aug 29, 2024
Couple looking at computer with their financial advisor

Benefits of having a bank branch nearby

Local banks provide valuable in-person services that online-only banks can’t offer.
Aug 29, 2024
Couple sitting on a sofa, looking at a laptop

No rush to refinance your mortgage just yet, experts say

Mortgage rates have fallen, but the imminent Fed cut could make them even more favorable for refinancers.
Aug 21, 2024
Woman reaching in to the air for cash

What is inflation? Here’s how rising prices can erode your purchasing power

Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
Aug 14, 2024
Outside of the Federal Reserve building

How the Federal Reserve impacts personal loans

The Federal Reserve raised interest rates several times. These interest rate changes are likely to affect the rates of personal loans.
Aug 07, 2024
Traders work on the floor of the New York Stock Exchange

What is a recession? Why the July jobs report has sparked new fears

It isn’t always about two consecutive quarters of negative GDP growth.
Aug 05, 2024
Federal Reserve Chair Powell at a podium

With the job market weakening, a September Fed interest rate cut seems imminent. How big could it be?

As the job market weakens, some economists say the Fed should’ve cut rates already.
Aug 02, 2024

How the Federal Reserve affects HELOCs and home equity loans

If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
Jul 31, 2024

How does the Federal Reserve affect mortgages?

The Federal Reserve’s decisions have ripple effects, including for mortgages.
Jul 31, 2024
Calm focused female freelancer in casual clothes revising reports while sitting on soft couch at table and using computer in light contemporary apartment

Though Fed holds lending rates steady, subprime cardholders continue to feel sting of high interest rates

Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
Jul 31, 2024
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