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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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Chief Financial Analyst

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Principal U.S. Economy Reporter

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Senior Economic Analyst

Latest articles

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Universal basic income, explained — and why these free cash handouts remain unlikely

Here’s what might happen if everyone received a guaranteed minimum income from the government.
Sep 24, 2020
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The budget deficit, explained — and how to prepare for a rising tax burden down the road

The financial practice of spending less than you make doesn’t apply to the federal government.
Sep 18, 2020
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7 signs a bank isn’t the right one for you

Determining what financial institutions do not meet your needs can help lead you to the right one.
Sep 18, 2020
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Biden or Trump? Plenty of young people remain undecided about who is best for their finances

In this election, many young voters remain unsure about at least one key issue.
Sep 17, 2020
Federal Reserve Chair Jerome Powell speaks at post-meeting press conference

Fed decision: Interest rates held steady, sees rates at zero through at least 2023

Expect this lower-for-longer interest rate environment to persist until the economy is back on track.
Sep 16, 2020
A photo of a check from the Treasury Department

Second stimulus check: How much money could you get?

The plan includes direct aid to taxpayers: $1,200 to individuals and $500 per child and dependent adult.
Sep 16, 2020
A framing art gallery is closed in Venice Beach, California, during the coronavirus pandemic.

When will the U.S. economy get back on track following coronavirus shock? Watch for these 5 signs

The return to normalcy could happen later — rather than sooner. 
Sep 15, 2020
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How to protect your money from rate decreases with a CD

The Fed’s recent actions may force savers to start thinking differently about their money.
Sep 14, 2020
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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
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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
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How to endorse a check: A step-by-step guide

We list seven ways to endorse a check and how to process it correctly and securely.
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
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When will car interest rates start dropping?

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