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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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Chief Financial Analyst

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Principal U.S. Economy Reporter

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Senior Economic Analyst

Latest articles

Pink piggy bank stuffed with dollar bills

Why now is still a good time to grow your money in a deposit account – even as rates decline

Even as interest rates drop, some top-yielding savings accounts remain competitive.
Dec 23, 2024
Woman checks mail

IRS sending $1,400 stimulus checks to 1 million Americans — here’s how everyone else can save the same amount

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. [...]
Dec 23, 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
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
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
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 26, 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 26, 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 26, 2024
signage outside the federal deposit insurance corporation headquarters

FAQ about bank safety and deposit insurance

Worried about losing money held at a bank? Here’s what to know about FDIC insurance.
Dec 24, 2024
Businesswoman looking out window while seated at desk in office

Top 10 financial New Year’s resolutions and how to fulfill them

The start of a new year is a great time to set financial intentions.
Dec 24, 2024
Side view of father cooking food while daughter having apple in kitchen

How to save money fast: 25 ways

These simple moves can help build a cash cushion.
Dec 24, 2024
Pink piggy bank stuffed with dollar bills

Why now is still a good time to grow your money in a deposit account – even as rates decline

Even as interest rates drop, some top-yielding savings accounts remain competitive.
Dec 23, 2024
Women using tablet

Best online checking accounts for December 2024

Online checking accounts stand out for different features. Here’s our top picks.
Dec 23, 2024

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
Vacant stores stand in Wickliffe, Kentucky

How the Fed is trying to rescue the economy from the coronavirus with an emergency stash of cash

It’s pushed the Fed down a new, uncharted path.
Apr 15, 2020
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