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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 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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About Bankrate
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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

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
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
Federal Reserve Eccles Building illustration

Fed’s interest rate history: The federal funds rate from 1981 to the present

The key benchmark has been as high as 20 percent — and as low as 0 percent.
Sep 18, 2024
Fed chair Jerome Powell walks into a conference

Biggest winners and losers from the Fed’s interest rate cut

The Federal Reserve announced that it’s lowering interest rates following its September 17-18 meeting.
Sep 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 rates cuts

This Fed communication tool is important, but be cautious when interpreting it.
Sep 18, 2024
Fed Chair Jerome Powell speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing.

The Fed just cut interest rates. Here are 12 key money moves to make

Rate cuts mark a new era for the Fed. Here’s what you should do as a consumer.
Sep 18, 2024
Illustration of a US Federal Reserve ink stamp

6 key ways the Federal Reserve impacts your money

Every financial decision you make is impacted by the Federal Reserve.
Sep 16, 2024
Woman reading folder at desk in living room

3 strategies for savers in a low interest rate environment

Here’s how to respond to lower rates if you’re in the market for a CD or savings account.
Apr 27, 2021
Close up of Treasury Department stimulus check

Still missing your coronavirus stimulus check? Here’s what you should do

Those taxpayers could potentially see thousands of extra dollars when they file for the Recovery Rebate Credit.
Apr 26, 2021
Illustration of Capitol Hill rotunda and coronavirus stimulus checks

Survey: More than 6 in 10 Americans say $1,400 stimulus checks won’t last three full months

Most plan to spend their stimulus funds on necessities, not on shopping, dining or traveling.
Apr 14, 2021
Young student works on college campus using her laptop

Stimulus checks: How adult dependents can claim their $1,400 payment

For the first time, adult dependents are eligible for a coronavirus stimulus check.
Apr 01, 2021
Woman looking at bar graphs with mask on illustration.

Survey: Top economists see elevated COVID-19 joblessness for at least another year

But the U.S. economy should pick up speed, thanks to fresh fiscal stimulus.
Mar 31, 2021
Father helps son with his homework

Child Tax Credit: When will your $3,000 (or $3,600) arrive and who’s eligible?

Experts warn the IRS may be hard-pressed to send out checks starting in July.
Mar 26, 2021
Chicago's United Center Opens As Mass Vaccination Site

Third stimulus check: How to track your $1,400 relief payment

Has your $1,400 stimulus payment arrived yet? Here’s how to check the status.
Mar 24, 2021
A caregiver helps an older woman.

7 tips for managing your finances as an unpaid adult caregiver

Consider these tips to handle your money while helping out with the needs of someone else.
Mar 18, 2021
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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