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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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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
Federal Reserve Eccles Building in Washington, D.C.

Preview of the Fed meeting: 4 key things to watch as officials look to prop up economic recovery

Now may come the hardest part, both for consumers and Fed watchers.
Sep 11, 2020
A person wears a protective face mask outside a GNC store.

Why the coronavirus crisis could cause a double-dip recession — and how to prepare for one

Some forecasts suggest a resurgence in coronavirus cases could tip the financial system over again. 
Sep 10, 2020
A car hits a tree

What to do if you have no emergency savings

If you’re running out of emergency funds, there are steps you can take to buy some time.
Sep 10, 2020
Illinois State Capitol Building in Springfield, Illinois

The state and local budget crisis is here — and your finances could take a big hit

Accounting for nearly a tenth of the U.S. economy, cutbacks could weigh down the recovery.
Sep 04, 2020
Employees hadn out unemployment applications to people in their vehicles

8 ways to help rescue the job market from coronavirus-driven unemployment crisis

Ending the crisis depends largely on eradicating the virus and the economic problems it opened up.
Sep 04, 2020
The Capitol building in Washington, D.C.

Coronavirus relief and stimulus plans: Here’s everything Washington has done (and proposed) so far

From relief checks to unemployment insurance, here’s what could impact your wallet.
Sep 04, 2020
A wealthy couple research their financial accounts.

Do I have too much money in my emergency savings?

How much is too much? Here’s everything you need to know.
Aug 24, 2020
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
Business man hand writing and signing white blank bank check book

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
A senior man is on a smartphone.

FAQ about money market accounts

Here’s answers to your top MMA questions.
Dec 23, 2024
Calendar of 2023

Take the 52-week money challenge: What it is and how to do it

Use this challenge to stash more cash toward your savings goals.
Dec 19, 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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