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
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
Fed chair Jerome Powell speaks at a conference

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

While the Federal Reserve stood pat this time, it has raised rates a total of 11 times in this current cycle.
Jul 31, 2024
Jerome Powell speaking at a podium

What is the Federal Open Market Committee (FOMC)? Meet the key policymakers shaping your finances

These policymakers will influence the crucial debate of when to cut interest rates.
Jul 30, 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.
Jul 29, 2024
Illustration of Fed Chair Jerome Powell

July Fed meeting preview: As unemployment rises and inflation slows, should officials cut interest rates now?

The Fed looks poised to leave rates alone in July but signal cuts are coming soon.
Jul 29, 2024
A picture of various cryptocurrencies

Cryptocurrency: What it is and how it works

Cryptocurrencies are managed through what’s called a distributed ledger such as blockchain.
Jul 19, 2024
A young woman researches on her laptop.

Are CDs worth it right now? Here’s what experts say

With a possible recession looming, here’s what savers should know about CDs.
Jul 18, 2024
woman using laptop in the kitchen

Top 18 tips for CD savers

These tips can help maximize your savings using certificates of deposit.
Jun 28, 2024
Fed Chair Jerome Powell speaks at a gathering with lawmakers in Washington, D.C.

The Federal Reserve’s latest dot plot, explained – and what it says about interest rates

This Fed communication tool is important, but be cautious when interpreting it.
Jun 12, 2024
The trusted provider of accurate rates and financial information
Wall Street Journal
Usa Today
New York Times
Cnn
Bloomberg
Abc