Banking News

The latest in banking news, surveys and statistics from our Bankrate experts.

High yield savings

Money market rates

Checking accounts

Recommended reading

Money next to flashing sirens

If you’re struggling to pay off debt and build savings, you’re not alone.

Woman watering plants.

Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.

Savings account and money market rate forecast

Expect savings and money market account yields to slide lower, but they still should outpace inflation

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

Decorative image

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.

Experts in all things finance

Our expert reporters and editors bring the news and analysis you need—backed by data and firsthand experience.

Greg McBride, CFA

Chief Financial Analyst

Principal U.S. Economy Reporter

Senior Economic Analyst

Latest articles

Cash in gloved hand

Depositing cash into someone’s account isn’t always possible, but there are options.

white-collar woman looks tired in the office

Despite strong economic indicators, many Americans are experiencing a “vibecession.”

woman managing personal banking and finance at home

Working as a freelancer requires a new approach to saving money. Here’s how.

Man at ATM

Steer clear of these common bank fees to keep your accounts from taking a hit.

Door open showing more open doors inside

The slowing job market isn’t completely deterring workers from looking for new jobs.

Young Asian professional woman shaking hands

Here’s how to find the job you want and save money throughout the process.

Woman standing in front of an ATM

Withdrawing cash at an out-of-network ATM? Be prepared to pay more than ever.

Hand touching buttons on a ATM keypad

Convenient access to your cash often comes at a price — and sometimes it’s a very high one.

Garage sale in grass on street curb with autumn trees background

Here are some places to look for a source of funds.

family financial planning

Here’s how to boost your savings.

Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank

Comparing savings rates can ensure you get the best return on your savings.

Woman watering plants.

Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.

Young woman working from her kitchen island and drinking a hot beverage

Here are some of the best savings accounts you can sign up for as a business owner.

Six Bankrate experts share the career moves that let them get ahead financially.

Woman accessing her checking account at home on a laptop

Not paying fees and an easy way to bank should all be priorities. Here are some of our favorites.

man pumping gas into his car

Here are 11 creative ways to save money, regardless of your financial goals.

Fed Chair Jerome Powell speaks during a news conference

Fed officials are trying to prevent an economic slowdown from getting worse.

Illustration of Fed Chair Jerome Powell

Tune in to Bankrate’s live coverage of the Fed’s first rate cut since 2020.

Man using credit card while online

Credit card interest rates have a high mark up over the prime rate. Why are card APRs so high?

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

Women using digital tablet to check her finances at home office

For savers, here’s what to consider when the Fed raises interest rates.

Calm focused female freelancer in casual clothes revising reports while sitting on soft couch at table and using computer in light contemporary apartment

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

The Federal Reserve’s decisions have ripple effects, including for mortgages.

Banking_How-the-Fed-Rate-Affects-Housing_

The Fed has cut rates by half a percentage point — how will that affect the housing market?

The trusted provider of accurate rates and financial information