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The latest in banking news, surveys and statistics from our Bankrate experts.
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If you’re struggling to pay off debt and build savings, you’re not alone.
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Expect savings and money market account yields to slide lower, but they still should outpace inflation
Exclusive insights from our expert analysts
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.
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What is inflation?
Here’s a breakdown of what inflation is and isn’t, as well as why it matters so much for your wallet.
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Signs of a recession
The U.S. economy looks like it's still on stable footing, but high inflation and rising interest rates could challenge that down the road.
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Fed's interest rate decision
The biggest winners and losers from the Fed's interest rate decision.
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FOMC: what to expect
Fed meeting preview: As unemployment rises and inflation slows, should officials cut interest rates now?
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Senior Economic Analyst
Latest articles
Even as interest rates drop, some top-yielding savings accounts remain competitive.
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. [...]
Use this challenge to stash more cash toward your savings goals.
Fed officials, however, are uncertain about how many times they’ll be able to cut borrowing costs in 2025.
This Fed communication tool is important, but be cautious when interpreting it.
There’s still time to lock in a high-yielding CD as the Fed cuts rates.
Find out which CD term is best for your financial goals in a lower rate environment.
Rate cuts mark a new era for the Fed. Here’s what you should do as a consumer.
Either candidate will have to wrestle with a potentially slow rebound while in the Oval Office.
The HEROES Act is back, but it could be a non-starter for some Republicans.
Here’s what you should do to keep your personal finances as healthy as possible.
States’ unemployment benefits are one of the few coronavirus relief lines left.
Here’s what might happen if everyone received a guaranteed minimum income from the government.
The financial practice of spending less than you make doesn’t apply to the federal government.
Determining what financial institutions do not meet your needs can help lead you to the right one.
In this election, many young voters remain unsure about at least one key issue.
It just might be. But don’t forget the fundamentals of how home equity loans work.
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
The Federal Reserve’s decisions have ripple effects, including for mortgages.
This Fed communication tool is important, but be cautious when interpreting it.
The Fed’s latest cut means cheaper business loans. Here’s what it means for you.
The Federal Reserve just lowered interest rates for the first time in four years.
Auto rates will likely not decrease this year. Consider how to still save.
Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
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