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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
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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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Latest articles

Navy Federal Credit Union opened a branch on Jan. 11 in Douglasville, Georgia.

Is bank branch expansion dead? Not at Navy Federal, here’s why

Bank branches in the U.S. has been steadily declining for years, but Navy Federal has taken a different approach.
Feb 24, 2021
Illustration of individual getting a coronavirus vaccine.

Survey: 24% of adults not comfortable visiting businesses in person even after getting vaccine

Apprehensive consumers could stall a post-pandemic boom that many Americans have been clamoring for.
Feb 24, 2021
A woman lounges on the beach.

Sinking funds: What they are and how they might help you achieve your savings goals

Here’s how these funds can help you achieve your goals.
Feb 18, 2021
President Joe Biden in the Oval Office

Biden’s tax plan: Watch for these expanded breaks soon and possible hikes later

Biden may want to hold off on raising taxes as the economy recovers — for now.
Feb 15, 2021
Capitol Hill in Washington, D.C.

Senate backs Biden’s $1.9 trillion COVID-19 relief plan: Here’s what comes next for stimulus checks, unemployment benefits

Legislators will soon get to work on drawing up the next round of coronavirus relief.
Feb 05, 2021
Student works in college library

College students may be able to collect up to $1,800 in stimulus payments, here’s how

Taking a close look at your tax status will be especially vital if you’re still in school.
Feb 04, 2021
Federal Reserve Chair Jerome Powell speaks at post-meeting press conference

Fed keeps rates near zero as economy struggles to recover from pandemic

For consumers, the pros and faults of today’s low-rate world will prevail for months, if not years, to come.
Jan 27, 2021
Joe Biden is sworn in as U.S. President as his wife Dr. Jill Biden stands beside him.

Third stimulus check and COVID-19 rescue plan: How Biden’s first 100 days could impact your money

Carefully managing your finances will be crucial, even if more aid is around the corner.
Jan 20, 2021
Man working on laptop and cellphone simultaneously

Why now might be a good time to consider longer-term CDs

If you’ve been thinking of getting a longer-term CD, you may want to make a move.
Sep 27, 2024
Mother and daughter shopping for vegetables

12 ways to save money every day

These six simple moves can help you build a cash cushion.
Sep 27, 2024
Easy mornings and working from home for this couple

Top high-yield savings accounts are still beating inflation. Here’s why that’s important

Savings yields topping inflation could let you hold onto your purchasing power.
Sep 27, 2024
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
Man working on laptop and cellphone simultaneously

Why now might be a good time to consider longer-term CDs

If you’ve been thinking of getting a longer-term CD, you may want to make a move.
Sep 27, 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
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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
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