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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
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

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Chief Financial Analyst

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Latest articles

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Are we in a recession or ‘vibecession’?

Despite strong economic indicators, many Americans are experiencing a “vibecession.”
Aug 30, 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
Man at ATM

11 pesky bank fees and how to avoid them

Steer clear of these common bank fees to keep your accounts from taking a hit.
Aug 28, 2024
Door open showing more open doors inside

Survey: In a cooling job market, 48% of workers plan to look for a new job in the next year

The slowing job market isn’t completely deterring workers from looking for new jobs.
Aug 26, 2024
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How to save money while job hunting

Here’s how to find the job you want and save money throughout the process.
Aug 21, 2024
Woman standing in front of an ATM

Survey: ATM fees reach 26-year high while overdraft fees inch back up

Withdrawing cash at an out-of-network ATM? Be prepared to pay more than ever.
Aug 21, 2024
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Survey: ATM fees hit record high while overdraft and NSF fees fell sharply

Convenient access to your cash often comes at a price — and sometimes it’s a very high one.
Aug 21, 2024
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Inflation hit a three-year low but some items are still pricey — here’s what’s rising most

You might not feel better about inflation because prices are still up post-pandemic.
Aug 20, 2024
An older man researches online while having a glass of wine.

What should I do with Series E savings bonds?

Now might be the time to dust off those paper bonds and cash them in. Here’s what you need to know.
May 02, 2024
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What is overdraft protection?

If you overdraw your account frequently, then overdraft protection could be a good way to avoid hefty overdraft fees.
May 02, 2024
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The best banks and credit unions of 2024

Banks and banking technology are in a constant state of evolution. Whether you’re opening a high-yield savings account at a bank because it offers a yield that’s outpacing inflation, or joining a bank [...]
May 02, 2024
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How to switch to a new bank or credit union

Switching banks can be complicated. Here’s your checklist to success.
May 01, 2024
remote check deposit

Cashing old checks: How long is a check good for?

There’s a right way to handle old checks. The wrong way can cost you.
May 01, 2024
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Are money market accounts FDIC-insured?

Money market accounts share the same FDIC protections as savings accounts and CDs.
May 01, 2024
Man sitting outside on smartphone

Overdraft fees vs. NSF fees: How they differ

Here’s how these two bank fees compare and how to best avoid them.
May 01, 2024
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Zelle limits at top banks

Looking to use Zelle for a transfer?Here are the Zelle limits at various banks.
May 01, 2024
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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
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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
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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
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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
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