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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
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

Bank teller with customer

How bank tellers quietly disappeared from America, and what that means for consumers

Branch banking is rapidly changing with the rise of automation and fintech.
Mar 20, 2019
Americans crossing the street in the rain

Survey: 21% of working Americans aren’t saving anything at all

Many Americans are adding nothing to their savings. These are the biggest reasons.
Mar 14, 2019
Wells Fargo ATM cars

Wells Fargo may still be under fire, but customer deposits continue to grow anyway

Consumers aren’t so quick to turn away from the big bank.
Mar 13, 2019
Jerome Powell at Fed meeting

Powell promotes rate pause in final remarks before upcoming Fed meeting

Fed Chairman Jerome Powell said the U.S. central bank is in no rush to adjust rates.
Mar 11, 2019
Friends looking at phone

Paying people back is easier than ever using apps — but so is making accidental payments

You just sent money to a stranger. So, how do you get it back?
Mar 05, 2019
Man with shopping bags

U.S. economy grew 2.6% in the fourth quarter, better than expected

The U.S. economy expanded at a slower pace in the fourth quarter of 2018, but came in well ahead of estimates.
Feb 28, 2019
Jerome Powell at Fed meeting

Fed Chair Powell grilled on stagnant wage growth in tight job market

Powell faced criticism from Democratic congressmen for his positive evaluation of the job market despite a period of slow pay gains.
Feb 27, 2019
Jerome Powell speaks at Federal Reserve

Powell justifies a ‘patient’ central bank on rate hikes during Senate testimony

Federal Reserve Chairman Jerome Powell delivered a positive assessment of the U.S. economy that nonetheless faces some risks.
Feb 26, 2019
Garage sale in grass on street curb with autumn trees background

17 legitimate ways to get money fast

Here are some places to look for a source of funds.
Sep 26, 2024
family financial planning

How to save money: 14 easy tips

Here’s how to boost your savings.
Sep 26, 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.
Sep 26, 2024
Woman watering plants.

Current CD rates for September 2024

Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Sep 26, 2024
Young woman working from her kitchen island and drinking a hot beverage

Best business savings accounts for 2024

Here are some of the best savings accounts you can sign up for as a business owner.
Sep 26, 2024

We’re personal finance journalists — and we’re revealing our expert tactics to increase your career earnings

Six Bankrate experts share the career moves that let them get ahead financially.
Sep 26, 2024
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Best business checking accounts for September 2024

Not paying fees and an easy way to bank should all be priorities. Here are some of our favorites.
Sep 24, 2024
man pumping gas into his car

15 creative ways to save money

Here are 11 creative ways to save money, regardless of your financial goals.
Sep 23, 2024
Fed Chair Jerome Powell speaks during a news conference

Fed lowers interest rates with surprising jumbo half-point cut

Fed officials are trying to prevent an economic slowdown from getting worse.
Sep 18, 2024
Illustration of Fed Chair Jerome Powell

September Fed Meeting Live Updates: What the Fed’s big half-point cut means for you

Tune in to Bankrate’s live coverage of the Fed’s first rate cut since 2020.
Sep 18, 2024
Man using credit card while online

The Fed cut rates. Why are credit card APRs still so high?

Credit card interest rates have a high mark up over the prime rate. Why are card APRs so high?
Sep 18, 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.
Sep 18, 2024
Women using digital tablet to check her finances at home office

How the Federal Reserve impacts savings account interest rates

For savers, here’s what to consider when the Fed raises interest rates.
Sep 18, 2024
Calm focused female freelancer in casual clothes revising reports while sitting on soft couch at table and using computer in light contemporary apartment

Fed rate cuts won’t end the sting of high interest rates for subprime cardholders

Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
Sep 18, 2024

How does the Federal Reserve affect mortgages?

The Federal Reserve’s decisions have ripple effects, including for mortgages.
Sep 18, 2024
Banking_How-the-Fed-Rate-Affects-Housing_

What the Fed’s rate cut means for homebuyers and sellers

The Fed has cut rates by half a percentage point — how will that affect the housing market?
Sep 18, 2024
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