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If you’re struggling to pay off debt and build savings, you’re not alone.
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Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Savings account and money market rate forecast
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.
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Greg McBride

Greg McBride, CFA Arrow Right

Chief Financial Analyst

Sarah Foster

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Principal U.S. Economy Reporter

Mark Hamrick

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Senior Economic Analyst

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