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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
Woman watering plants.

Current CD rates for October 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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Senior Economic Analyst

Latest articles

Donald Trump and Jerome Powell speaking from the White House Rose Garden

Here’s what a Trump or Biden presidency would mean for banking

Either way you look at it, there’s going to be some whiplash — possibly weighing on consumers’ wallets.
Sep 16, 2020
A framing art gallery is closed in Venice Beach, California, during the coronavirus pandemic.

When will the U.S. economy get back on track following coronavirus shock? Watch for these 5 signs

The return to normalcy could happen later — rather than sooner. 
Sep 15, 2020
Two people under umbrella using tablet

How to protect your money from rate decreases with a CD

The Fed’s recent actions may force savers to start thinking differently about their money.
Sep 14, 2020
Federal Reserve Eccles Building in Washington, D.C.

Preview of the Fed meeting: 4 key things to watch as officials look to prop up economic recovery

Now may come the hardest part, both for consumers and Fed watchers.
Sep 11, 2020
A person wears a protective face mask outside a GNC store.

Why the coronavirus crisis could cause a double-dip recession — and how to prepare for one

Some forecasts suggest a resurgence in coronavirus cases could tip the financial system over again. 
Sep 10, 2020
A car hits a tree

What to do if you have no emergency savings

If you’re running out of emergency funds, there are steps you can take to buy some time.
Sep 10, 2020
Illinois State Capitol Building in Springfield, Illinois

The state and local budget crisis is here — and your finances could take a big hit

Accounting for nearly a tenth of the U.S. economy, cutbacks could weigh down the recovery.
Sep 04, 2020
Employees hadn out unemployment applications to people in their vehicles

8 ways to help rescue the job market from coronavirus-driven unemployment crisis

Ending the crisis depends largely on eradicating the virus and the economic problems it opened up.
Sep 04, 2020
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.
Oct 18, 2024
A focused mature male freelancer sitting at the wooden table at home and reading online projects on a laptop.

These CDs Have No Minimum Deposit Required

These certificates of deposit (CDs) have no minimum deposit.
Oct 17, 2024
Financial manager meeting with couple in bank branch office

National average money market account rates for October 2024

Get the latest rates on top-yielding money market accounts.
Oct 17, 2024
Woman watering plants.

Current CD rates for October 2024

Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Oct 17, 2024
A shopping card turned upside-down

Scroll less, save more: How to “deinfluence”

Deinfluencing is all the rage. Why not influence your finances, too?
Oct 17, 2024
Woman accessing her checking account at home on a laptop

Best business checking accounts for October 2024

Not paying fees and an easy way to bank should all be priorities. Here are some of our favorites.
Oct 16, 2024
Jerome Powell speaking. A now hiring banner in the background.

Bankrate’s Q2 Economic Indicator Survey: What economists see for the job market, inflation, the Fed and more in the year ahead

Behind the slowing economy is a Fed determined to defeat red-hot inflation.
Oct 15, 2024
A woman reading the label on a food item while out shopping for groceries in her local supermarket.

How to save money on everyday purchases

Here’s how to save money on groceries, utilities and other everyday purchases.
Oct 14, 2024
Residential area with architectural homes on Main Street

Will HELOC rates keep falling?

And if so, how low can they go?
Oct 17, 2024
Illustration of a person holding a house with a rain cloud over it

Should you buy a house during a recession?

How might a recession affect the housing market?
Oct 14, 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.
Oct 10, 2024
Outside of the Federal Reserve building

How the Federal Reserve impacts personal loans

The Federal Reserve just lowered interest rates for the first time in four years.
Oct 03, 2024
Picture of the front of the Federal Reserve building

What is a bank bailout?

A look at what a bank bailout is with some examples of notable bank bailouts from the past.
Sep 30, 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
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