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

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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

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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.

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Greg McBride, CFA

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Silicon Valley Bank’s failure caused quite a stir. Here’s what’s going on there now.

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Chair Jerome Powell speaks at Fed's post-meeting press conference

The Fed remains focused on battling inflation.

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Here’s how to boost your savings.

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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.

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Man working on laptop and cellphone simultaneously

If you’ve been thinking of getting a longer-term CD, you may want to make a move.

Fed Chair Jerome Powell speaks during a news conference

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

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

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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.

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