Banking News

The latest in banking news, surveys and statistics from our Bankrate experts.

Moneybag
CD rates
Savings Rate
High yield savings
Rates
Money market rates
Dollar
Checking accounts
Bank Star
Bank reviews

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 September 2024

Banking
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
By Matthew Goldberg
3 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

Experts in all things finance

Our expert reporters and editors bring the news and analysis you need—backed by data and firsthand experience.

About Bankrate
Greg McBride

Greg McBride, CFA Arrow Right

Chief Financial Analyst

Sarah Foster

Sarah Foster Arrow Right

Principal U.S. Economy Reporter

Mark Hamrick

Mark Hamrick Arrow Right

Senior Economic Analyst

Latest articles

white-collar woman looks tired in the office

Are we in a recession or ‘vibecession’?

Despite strong economic indicators, many Americans are experiencing a “vibecession.”
Aug 30, 2024
woman managing personal banking and finance at home

How to change up your savings strategy as a freelancer

Working as a freelancer requires a new approach to saving money. Here’s how.
Aug 29, 2024
Man at ATM

11 pesky bank fees and how to avoid them

Steer clear of these common bank fees to keep your accounts from taking a hit.
Aug 28, 2024
Door open showing more open doors inside

Survey: In a cooling job market, 48% of workers plan to look for a new job in the next year

The slowing job market isn’t completely deterring workers from looking for new jobs.
Aug 26, 2024
Young Asian professional woman shaking hands

How to save money while job hunting

Here’s how to find the job you want and save money throughout the process.
Aug 21, 2024
Woman standing in front of an ATM

Survey: ATM fees reach 26-year high while overdraft fees inch back up

Withdrawing cash at an out-of-network ATM? Be prepared to pay more than ever.
Aug 21, 2024
Hand touching buttons on a ATM keypad

Survey: ATM fees hit record high while overdraft and NSF fees fell sharply

Convenient access to your cash often comes at a price — and sometimes it’s a very high one.
Aug 21, 2024
young man falling out of the sky along with various household items and cash

Inflation hit a three-year low but some items are still pricey — here’s what’s rising most

You might not feel better about inflation because prices are still up post-pandemic.
Aug 20, 2024
Federal Reserve Chair Jerome Powell speaks at a post-meeting press conference following the Fed's September interest rate decision

Fed keeps interest rates at 22-year high as economy stays surprisingly strong

Fed officials stopped short of saying they’re finished raising interest rates.
Nov 01, 2023
Man in home office online banking

12 ways to bank smarter: Simple tips and tricks to increase your wealth

These tips can help you manage your money more wisely and make you a bit richer.
Nov 01, 2023
nonprofit workers sorting donations

Best banks for nonprofits in 2024

These banks are good choices for nonprofits. Here’s how to find one that serves your organization well
Oct 31, 2023
A man researches on a tablet.

CDs vs. money market accounts: Which is best for you?

CDs and MMAs can pay competitive rates, but they have different drawbacks and benefits.
Oct 30, 2023
Cellphone will Chime logo on the screen

Chime Checking Review 2023

Chime is a financial technology company offering checking and savings accounts through partnerships with FDIC-insured banks.
Oct 26, 2023
Young man choosing oranges in the supermarket

How to make a monthly budget in 5 simple steps

Monthly budgets are popular because many expenses, such as rent and bills, occur monthly.
Oct 25, 2023
Ghost of Halloween uses a laptop to surf the Internet

10 scary savings mistakes and how to avoid making them

Don’t let the fear of saving leave you in the dark. Avoid these 10 savings mistakes.
Oct 25, 2023
A piggybank floating on a liferaft

Survey: 81% of Americans didn’t increase their emergency savings this year as majority feels behind

Sixty percent of households feel behind on their emergency savings in 2023.
Oct 25, 2023
Couple sitting on a sofa, looking at a laptop

No rush to refinance your mortgage just yet, experts say

Mortgage rates have fallen, but the imminent Fed cut could make them even more favorable for refinancers.
Aug 21, 2024
Woman reaching in to the air for cash

What is inflation? Here’s how rising prices can erode your purchasing power

Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
Aug 14, 2024
Outside of the Federal Reserve building

How the Federal Reserve impacts personal loans

The Federal Reserve raised interest rates several times. These interest rate changes are likely to affect the rates of personal loans.
Aug 07, 2024
Traders work on the floor of the New York Stock Exchange

What is a recession? Why the July jobs report has sparked new fears

It isn’t always about two consecutive quarters of negative GDP growth.
Aug 05, 2024
Federal Reserve Chair Powell at a podium

With the job market weakening, a September Fed interest rate cut seems imminent. How big could it be?

As the job market weakens, some economists say the Fed should’ve cut rates already.
Aug 02, 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.
Jul 31, 2024

How does the Federal Reserve affect mortgages?

The Federal Reserve’s decisions have ripple effects, including for mortgages.
Jul 31, 2024
Calm focused female freelancer in casual clothes revising reports while sitting on soft couch at table and using computer in light contemporary apartment

Though Fed holds lending rates steady, subprime cardholders continue to feel sting of high interest rates

Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
Jul 31, 2024
The trusted provider of accurate rates and financial information
Wall Street Journal
Usa Today
New York Times
Cnn
Bloomberg
Abc