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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 December 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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Senior Economic Analyst

Latest articles

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
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
Senate Majority Leader Mitch McConnell (R-KY) talks with reporters.

Take these important precautions now before key coronavirus relief programs expire

It’s an “in case of fire, break glass” kind of moment.
Dec 02, 2020
Sen. Angus King (I-ME) sets up a sign alongside a bipartisan group of Democrat and Republican members of Congress as they announce a proposal for a Covid-19 relief bill.

$300 unemployment check boost: Here’s what’s in the latest coronavirus stimulus proposal

If passed, the Senate’s proposal would be the first major relief plan since March.
Dec 01, 2020
signage outside the federal deposit insurance corporation headquarters

FAQ about bank safety and deposit insurance

Worried about losing money held at a bank? Here’s what to know about FDIC insurance.
Dec 24, 2024
Businesswoman looking out window while seated at desk in office

Top 10 financial New Year’s resolutions and how to fulfill them

The start of a new year is a great time to set financial intentions.
Dec 24, 2024
Side view of father cooking food while daughter having apple in kitchen

How to save money fast: 25 ways

These simple moves can help build a cash cushion.
Dec 24, 2024
Pink piggy bank stuffed with dollar bills

Why now is still a good time to grow your money in a deposit account – even as rates decline

Even as interest rates drop, some top-yielding savings accounts remain competitive.
Dec 23, 2024
Women using tablet

Best online checking accounts for December 2024

Online checking accounts stand out for different features. Here’s our top picks.
Dec 23, 2024
A woman wearing a facemask enters a building where the Employment Development Department has its offices in Los Angeles, California on May 4, 2020, past a posted sign mentioning the closure of the offices's public access counters due to the coronavirus pandemic. - Dismal US employment figures are expected with the release Friday May 8 of figures for April's US jobs report, with 30 million Americans filing for unemployment in the last six weeks.

Unemployment benefits: 7 possible reasons your payment is late — and what to do about it

Overwhelmed state unemployment offices have left Americans without aid for weeks, if not longer.
Dec 23, 2024
Woman checks mail

IRS sending $1,400 stimulus checks to 1 million Americans — here’s how everyone else can save the same amount

The Internal Revenue Service is automatically sending $1,400 stimulus payments to about one million Americans who never claimed their COVID-19 relief checks from 2021, according to a recent announcement. [...]
Dec 23, 2024
exterior of Bank of America branch building

Are banks open today? Federal bank holidays in 2024

Knowing bank holiday schedules can help you avoid delays on necessary transactions.
Dec 23, 2024
Home decorated for autumn

The Fed just cut interest rates again. Time to tap your home equity?

It just might be. But don’t forget the fundamentals of how home equity loans work.
Dec 19, 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.
Dec 18, 2024

How does the Federal Reserve affect mortgages?

The Federal Reserve’s decisions have ripple effects, including for mortgages.
Dec 18, 2024
Fed Chair Powell Holds News Conference Following FOMC Rate Decision

The Federal Reserve’s latest dot plot, explained – and what it says about interest rate cuts

This Fed communication tool is important, but be cautious when interpreting it.
Dec 18, 2024
US-ECONOMY-FEDERAL RESERVE-RATE-POWELL

How the Federal Reserve affects business loans

The Fed’s latest cut means cheaper business loans. Here’s what it means for you.
Dec 18, 2024
Outside of the Federal Reserve building

How the Federal Reserve impacts personal loans

The Federal Reserve just lowered interest rates for the first time in four years.
Dec 18, 2024
Couple buying a car

When will car interest rates start dropping?

Auto rates will likely not decrease this year. Consider how to still save.
Dec 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.
Dec 18, 2024
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