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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
4 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

President-elect Joe Biden addresses the nation about his plans to fight the coronavirus pandemic.

$1,400 stimulus check and $400 weekly unemployment boost: Here’s what’s in Biden’s plan

Biden’s $1.9 trillion relief bill proposal comes during the pandemic’s biggest inflection point yet.
Jan 15, 2021
A line of people waits on food handouts in the sun

Survey: Those hit financially by COVID-19 paying 4 times more in bank fees

Those hit financially by the pandemic saw average monthly charges for their checking account of $11.41.
Jan 13, 2021
Rapidly spreading coronavirus has left markets jittery

Survey: Top economists see slowing economic recovery from coronavirus pandemic in 2021

There’s a light at the end of the tunnel, but the economic hardship won’t be over anytime soon.
Dec 23, 2020
Hosue Speaker Nancy Pelosi speaks during a press conference on Capitol Hill

Second stimulus check and $300 unemployment bonus benefit: Here’s what’s in new round of COVID-19 aid

The deal comes just days before key CARES Act programs are set to expire.
Dec 21, 2020
Portrait of young couple in front of home

The new year is the perfect opportunity for a new savings account

The new year calls for a new look at your old savings account.
Dec 18, 2020
Federal Reserve Chairman Jerome Powell speaks at post-meeting press conference.

Fed keeps interest rates at near-zero as coronavirus rebound sputters

The economy is nowhere close to being out of the woods.
Dec 16, 2020

Survey: Rates at zero until 2024, but coronavirus vaccine likely to ‘supercharge’ economy

Consumers should stick to the status quo.
Dec 14, 2020
Commuters arrive at South Station in Boston wearing masks.

Survey: More than two-fifths of households say income hasn’t recovered from initial coronavirus hit

Even with the economy staging a recovery, many Americans are earning less than before the pandemic.
Dec 09, 2020
Man working on laptop and cellphone simultaneously

Why now might be a good time to consider longer-term CDs

If you’ve been thinking of getting a longer-term CD, you may want to make a move.
Sep 27, 2024
Mother and daughter shopping for vegetables

12 ways to save money every day

These six simple moves can help you build a cash cushion.
Sep 27, 2024
Easy mornings and working from home for this couple

Top high-yield savings accounts are still beating inflation. Here’s why that’s important

Savings yields topping inflation could let you hold onto your purchasing power.
Sep 27, 2024
Garage sale in grass on street curb with autumn trees background

17 legitimate ways to get money fast

Here are some places to look for a source of funds.
Sep 26, 2024
family financial planning

How to save money: 14 easy tips

Here’s how to boost your savings.
Sep 26, 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.
Sep 26, 2024
Woman watering plants.

Current CD rates for September 2024

Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Sep 26, 2024
Young woman working from her kitchen island and drinking a hot beverage

Best business savings accounts for 2024

Here are some of the best savings accounts you can sign up for as a business owner.
Sep 26, 2024
Man working on laptop and cellphone simultaneously

Why now might be a good time to consider longer-term CDs

If you’ve been thinking of getting a longer-term CD, you may want to make a move.
Sep 27, 2024
Fed Chair Jerome Powell speaks during a news conference

Fed lowers interest rates with surprising jumbo half-point cut

Fed officials are trying to prevent an economic slowdown from getting worse.
Sep 18, 2024
Illustration of Fed Chair Jerome Powell

September Fed Meeting Live Updates: What the Fed’s big half-point cut means for you

Tune in to Bankrate’s live coverage of the Fed’s first rate cut since 2020.
Sep 18, 2024
Man using credit card while online

The Fed cut rates. Why are credit card APRs still so high?

Credit card interest rates have a high mark up over the prime rate. Why are card APRs so high?
Sep 18, 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.
Sep 18, 2024
Women using digital tablet to check her finances at home office

How the Federal Reserve impacts savings account interest rates

For savers, here’s what to consider when the Fed raises interest rates.
Sep 18, 2024
Calm focused female freelancer in casual clothes revising reports while sitting on soft couch at table and using computer in light contemporary apartment

Fed rate cuts won’t end the sting of high interest rates for subprime cardholders

Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
Sep 18, 2024

How does the Federal Reserve affect mortgages?

The Federal Reserve’s decisions have ripple effects, including for mortgages.
Sep 18, 2024
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