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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
Donald Trump and Jerome Powell speaking from the White House Rose Garden

Here’s what a Trump or Biden presidency would mean for banking

Either way you look at it, there’s going to be some whiplash — possibly weighing on consumers’ wallets.
Sep 16, 2020
A framing art gallery is closed in Venice Beach, California, during the coronavirus pandemic.

When will the U.S. economy get back on track following coronavirus shock? Watch for these 5 signs

The return to normalcy could happen later — rather than sooner. 
Sep 15, 2020
Two people under umbrella using tablet

How to protect your money from rate decreases with a CD

The Fed’s recent actions may force savers to start thinking differently about their money.
Sep 14, 2020
Envelopes

Ask Bankrate: How can savers stay ahead of inflation?

A reader asks how people living on fixed income can beat inflation.
Sep 11, 2020
A person wears a protective face mask outside a GNC store.

Why the coronavirus crisis could cause a double-dip recession — and how to prepare for one

Some forecasts suggest a resurgence in coronavirus cases could tip the financial system over again. 
Sep 10, 2020
Employees hadn out unemployment applications to people in their vehicles

8 ways to help rescue the job market from coronavirus-driven unemployment crisis

Ending the crisis depends largely on eradicating the virus and the economic problems it opened up.
Sep 04, 2020
The Capitol building in Washington, D.C.

Coronavirus relief and stimulus plans: Here’s everything Washington has done (and proposed) so far

From relief checks to unemployment insurance, here’s what could impact your wallet.
Sep 04, 2020
A couple looks over at a crowded beach in Santa Monica, California.

A second wave of the coronavirus could devastate the recovering economy

Economists say a second wave is the biggest downside risk to the U.S. economy this year.
Aug 24, 2020
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