Skip to Main Content

Banking News

The latest in banking news, surveys and statistics from our Bankrate experts.

Recommended reading

Money next to flashing sirens
New Bankrate data shows many Americans are slowly making progress on their savings.
Woman watering plants.
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
A graphic of origami of a dollar bill folded to look like a piggy bank with a penny on top.
Expect savings and money market account yields to slide lower, but they still should outpace inflation

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 Icon

Chief Financial Analyst

Sarah Foster

Sarah Foster Arrow Right Icon

Principal U.S. Economy Reporter

Mark Hamrick

Mark Hamrick Arrow Right Icon

Senior Economic Analyst

Latest articles

A family sits together at a kitchen table.
Transfer funds to friends and family without leaving the house.
PNC Bank building
PNC Bank is one of the largest banks in the U.S. Here’s how to find one near you.
Young woman pays for purchases in online store using banking service
Bank account bonuses are a great way to bring in new customers. Here’s how.
Mother and daughter looking at savings account info on a cellphone
The best savings accounts for teenagers offer competitive rates and charge no fees.
Two young adults have a conversation about something on a cellphone
Parents’ financial tips aren’t always relevant today, but TikTok might not be better.
Illustration of young person with their wallet
Recent Bankrate data shows that young people are the ones most optimistic about their finances.
Illustration for Economic Indicator Poll
Recession odds have fallen from a high of 65 percent in the third quarter of 2023.
Illustration for Economic Indicator Poll
Economists are divided over when inflation will hit the Fed’s 2 percent goal.
Illustration of hand reaching into a computer
On average, Americans have kept the same bank accounts for over a decade.
Financial manager meeting with couple in bank branch office
Get the latest rates on top-yielding money market accounts.
Woman watering plants.
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank
Comparing savings rates can ensure you get the best return on your savings.
Side view of father cooking food while daughter having apple in kitchen
These simple moves can help you build a cash cushion.
A young woman works on her smartphone.
What every saver needs to know about money markets accounts.
Illustration of calculator and stacks of cash
If you have $25,000 to invest in a CD right now, here’s how much you could earn.
Young smiling woman using mobile phone while working on a laptop at a cafe
Mobile apps make managing your money a snap and mobile alerts can help protect it.
A person researches on a laptop.
Learn when a CD is worth it, when it is not, and alternatives to consider in 2025.
Home equity lines of credit are growing in size and volume.
A picture of various cryptocurrencies
Cryptocurrencies are managed through what’s called a distributed ledger such as blockchain.
Traders work on the floor of NYSE
With the Fed holding steady on rates for now, is it still a good time to buy stocks?
Woman reaching in to the air for cash
Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
Homes in Charleston
Understanding mortgage rate movements could save you money.
Residential area with architectural homes on Main Street
And if so, how low can they go?
couple working on home finances
Learn about five ways in which you can break out of the credit card debt cycle.
The trusted provider of accurate rates and financial information
Wall Street Journal
Usa Today
New York Times
Cnn
Bloomberg
Abc