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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
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

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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

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
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
Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank

What is the average interest rate for savings accounts?

Comparing savings rates can ensure you get the best return on your savings.
Aug 29, 2024
Financial manager meeting with couple in bank branch office

National average money market account rates for August 2024

Get the latest rates on top-yielding money market accounts.
Aug 29, 2024
A man does research on his laptop.

What is an add-on CD?

Add-on CDs can offer more flexibility than a traditional CD.
Aug 29, 2024
Man in coffee shop using laptop with a card in his hand.

What is Regulation E? Protect yourself from electronic banking fraud and errors

The rule provides a framework for settling unauthorized debit-card transactions.
Aug 29, 2024
Person reading credit card statement

What is an overdraft fee and how can you avoid it?

Here are easy actions you can take to avoid the fee of get it waived.
Aug 29, 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
Couple looking at computer with their financial advisor

Benefits of having a bank branch nearby

Local banks provide valuable in-person services that online-only banks can’t offer.
Aug 29, 2024
Capitol Hill in Washington, D.C.

Second stimulus check and extended unemployment benefits? Here’s what aid could be on the way

A long road likely lies ahead for the economy. What stimulus might we see to help a return to normal?
Jun 18, 2020

Forecast survey: Fed seen as keeping rates at rock bottom through yield-curve control

The Fed will turn to new tactics that include capping yields and expanding its balance sheet.
Jun 05, 2020
Grocery store shopper with mask

Survey: America’s top economists expect double-digit unemployment rate into 2021

Forecasts were wide-ranging when it comes to predicting how much damage the pandemic caused.
Jun 03, 2020
A sign stating that job placement program is closed during coronavirus pandemic.

The unemployment rate, explained – and why the coronavirus crisis has caused it to skyrocket

Joblessness has surged to catastrophic levels not seen for nearly a century.
May 08, 2020
A man wearing a mask walks past the U.S. Federal Reserve building in Washington D.C.

Here’s what the Fed has to see before lifting interest rates from rock bottom

One of the Fed’s greatest fears is a slow and grueling economic recovery.
May 08, 2020
Federal Reserve Chairman Jerome Powell talks to reporters at press conference

Fed expects to hold rates near zero until economy has weathered ‘severe’ virus effects

The coronavirus pandemic has brought the U.S. economy to its knees.
Apr 29, 2020
A front view of the Federal Reserve Bank

Federal Reserve lifts six-withdrawal limit on savings accounts

Consumers get more access to their savings at a time when they may urgently need it.
Apr 24, 2020
Federal Reserve Eccles Building in Washington, D.C.

Forecast survey: Economy’s slow rebound from coronavirus free fall will keep Fed on hold until 2022

It could take years for growth and unemployment to return to where they were before the pandemic.
Apr 24, 2020
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