Banking News

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

Moneybag
CD rates
Savings Rate
High yield savings
Rates
Money market rates
Dollar
Checking accounts
Bank Star
Bank reviews

Recommended reading

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 September 2024

Banking
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
By Matthew Goldberg
3 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

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

Chief Financial Analyst

Sarah Foster

Sarah Foster Arrow Right

Principal U.S. Economy Reporter

Mark Hamrick

Mark Hamrick Arrow Right

Senior Economic Analyst

Latest articles

close up of hands writing a check

5 ways to cash a check without a bank account

Consumers without a bank account face hurdles when trying to cash a check.
Apr 22, 2024
Mother and daughter looking at savings account info on a cellphone

Best savings accounts for teenagers in 2024

The best savings accounts for teenagers offer competitive rates and charge no fees.
Apr 22, 2024
One hundred dollar bills and a United States Savings Bond sitting on a passbook savings account book.

How to give a savings bond as a gift

Savings bonds can contribute to the recipient’s future financial security.
Apr 22, 2024
A woman uses mobile banking while eating.

5 must-have features for checking accounts

From no fees to online bill pay, here are the must-have checking account features.
Apr 18, 2024
Women checking amount in bank account passbook with bank statement

How to check your bank account balance

Here are a few different ways to see how much money you have in your bank account.
Apr 18, 2024
close up of bank teller's hands giving paperwork to a customer

How to close a bank account

If you’re looking for a new bank here’s how to transfer accounts and avoid problems.
Apr 18, 2024
woman, using laptop while working from home

What is a good interest rate on a savings account?

The top high-yield savings accounts are currently earning APYs of 5 percent and greater.
Apr 12, 2024
young woman working on finances on her laptop at home

How financial literacy for young adults has evolved

Balancing a checkbook may be passé, but managing your money well still matters.
Apr 11, 2024
white-collar woman looks tired in the office

Are we in a recession or ‘vibecession’?

Despite strong economic indicators, many Americans are experiencing a “vibecession.”
Aug 30, 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.
Aug 29, 2024
Financial manager meeting with couple in bank branch office

National average money market account rates for August 2024

Get the latest rates on top-yielding money market accounts.
Aug 29, 2024
A man does research on his laptop.

What is an add-on CD?

Add-on CDs can offer more flexibility than a traditional CD.
Aug 29, 2024
Man in coffee shop using laptop with a card in his hand.

What is Regulation E? Protect yourself from electronic banking fraud and errors

The rule provides a framework for settling unauthorized debit-card transactions.
Aug 29, 2024
Person reading credit card statement

What is an overdraft fee and how can you avoid it?

Here are easy actions you can take to avoid the fee of get it waived.
Aug 29, 2024
woman managing personal banking and finance at home

How to change up your savings strategy as a freelancer

Working as a freelancer requires a new approach to saving money. Here’s how.
Aug 29, 2024
Couple looking at computer with their financial advisor

Benefits of having a bank branch nearby

Local banks provide valuable in-person services that online-only banks can’t offer.
Aug 29, 2024
Couple sitting on a sofa, looking at a laptop

No rush to refinance your mortgage just yet, experts say

Mortgage rates have fallen, but the imminent Fed cut could make them even more favorable for refinancers.
Aug 21, 2024
Woman reaching in to the air for cash

What is inflation? Here’s how rising prices can erode your purchasing power

Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
Aug 14, 2024
Outside of the Federal Reserve building

How the Federal Reserve impacts personal loans

The Federal Reserve raised interest rates several times. These interest rate changes are likely to affect the rates of personal loans.
Aug 07, 2024
Traders work on the floor of the New York Stock Exchange

What is a recession? Why the July jobs report has sparked new fears

It isn’t always about two consecutive quarters of negative GDP growth.
Aug 05, 2024
Federal Reserve Chair Powell at a podium

With the job market weakening, a September Fed interest rate cut seems imminent. How big could it be?

As the job market weakens, some economists say the Fed should’ve cut rates already.
Aug 02, 2024

How the Federal Reserve affects HELOCs and home equity loans

If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
Jul 31, 2024

How does the Federal Reserve affect mortgages?

The Federal Reserve’s decisions have ripple effects, including for mortgages.
Jul 31, 2024
Calm focused female freelancer in casual clothes revising reports while sitting on soft couch at table and using computer in light contemporary apartment

Though Fed holds lending rates steady, subprime cardholders continue to feel sting of high interest rates

Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
Jul 31, 2024
The trusted provider of accurate rates and financial information
Wall Street Journal
Usa Today
New York Times
Cnn
Bloomberg
Abc