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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 December 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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Latest articles

Calendar of 2023

Take the 52-week money challenge: What it is and how to do it

Use this challenge to stash more cash toward your savings goals.
Dec 19, 2024
Federal Reserve Board Federal Reserve Chairman Jerome Powell speaks during a news conference.

Fed lowers interest rates for third time this year, signals slower pace of cuts in 2025

Fed officials, however, are uncertain about how many times they’ll be able to cut borrowing costs in 2025.
Dec 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 rate cuts

This Fed communication tool is important, but be cautious when interpreting it.
Dec 18, 2024
Young couple managing finance and investment online

Interest rates on top-yielding CDs are dropping. Here’s what that means for savers

There’s still time to lock in a high-yielding CD as the Fed cuts rates.
Dec 18, 2024
Cropped shot of a businessman using his computer in his home office

Which CD term is best in a lower rate environment?

Find out which CD term is best for your financial goals in a lower rate environment.
Dec 18, 2024
Percent symbol with people holding money that is many dollar bills. Concepts of the banking system, rising interest rates, inflation, deflation, and savings.

What to do when your CD matures in a falling rate environment

Here’s how to proceed when your CD matures during falling rates.
Dec 18, 2024
Fed Chair Jerome Powell speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing.

The Fed has now cut interest rates three times. 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.
Dec 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.
Dec 18, 2024
Calendar of 2023

Take the 52-week money challenge: What it is and how to do it

Use this challenge to stash more cash toward your savings goals.
Dec 19, 2024
Clocks are displayed across an image of a dollar bill.

Historical CD interest rates: 1984-2024

Take a look at the days when CDs were offering investors double-digit returns.
Dec 19, 2024
Woman watering plants.

Current CD rates for December 2024

Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Dec 19, 2024
Financial manager meeting with couple in bank branch office

National average money market account rates for December 2024

Get the latest rates on top-yielding money market accounts.
Dec 19, 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.
Dec 19, 2024
Federal Reserve Board Federal Reserve Chairman Jerome Powell speaks during a news conference.

Fed lowers interest rates for third time this year, signals slower pace of cuts in 2025

Fed officials, however, are uncertain about how many times they’ll be able to cut borrowing costs in 2025.
Dec 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 rate cuts

This Fed communication tool is important, but be cautious when interpreting it.
Dec 18, 2024
Young Asian woman using smartphone while relaxing on armchair, checking her bank account via online banking and managing her finances. Online personal banking. Wealth management. Digital banking habits. Smart banking with technology

Here are the benefits of opening a CD right now following the Fed’s rate cut

Know the two major benefits of opening a CD now, even as interest rates decline.
Dec 18, 2024
President Biden and Federal Reserve Chairman Jerome Powell sitting in the Oval Office

All the ways a president can (and can’t) influence the Federal Reserve

Presidents may affect the world’s most powerful central bank more than you think.
Oct 07, 2022
group of people holding shopping bags

Survey: Experts see massive hiring slowdown and surging unemployment a year from now

How long will the job market hold up amid the Fed’s rapid rate hikes?
Oct 05, 2022
Jerome Powell speaking at a podium

Survey: Fed’s inflation fight will take interest rates to highest since 2007

Economists see the Fed’s tightening cycle peaking at 4.5-4.75 percent.
Oct 05, 2022
cityscape with a Wall Street sign in the foreground

Survey: Odds of a U.S. recession by mid-2024 now hit 65%

Storm clouds are gathering above the economy amid high inflation and interest rates.
Oct 05, 2022
lawn of a house with a for rent sign in the yard

Survey: 43% of economists say inflation hasn’t yet peaked

That’s even despite the Fed’s fastest rate hikes since the 1980s.
Oct 05, 2022
People walking out of the subway station at Wall Street

Americans have recession fatigue — and it’s keeping them from preparing for the next downturn

Feeling deprived during lockdowns, Americans aren’t ready to fall back on progress.
Sep 26, 2022
Federal Reserve Chair Jerome Powell speaks with journalists after the Fed's July meeting.

Fed lifts rates by another three-quarters of a percentage point to curb runaway inflation

Not since the 1980s have officials raised rates this much in a single year.
Sep 21, 2022
front of a government building

Fed rate cheat sheet: What all those terms really mean

What the Fed news really means: a demystification of Fed terms.
Sep 21, 2022
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