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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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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
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Financial guide for the unemployed: 14 steps to take if you’ve lost your job

The once-booming labor market is starting to face some trouble.
Aug 10, 2022
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Consumer prices are soaring. Here are the best ways to protect your savings

Here are ways to save money and improve financial health in times of inflation.
Aug 08, 2022
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How to save money for the high cost of youth sports

Some junior sports leagues mean thousands in annual costs. Here’s what to do.
Aug 01, 2022
Federal Reserve Chair Jerome Powell speaks at the June post-meeting press conference

Fed raises rates by three-quarters of a point for second straight meeting

The Fed hasn’t raised rates this much in a single year since 1994.
Jul 27, 2022
Image of person on laptop from above

Choosing an online bank? Look for these top 7 things

Online banks come with incentives that you may not know about, and might make one the best choice for your needs.
Jul 22, 2022
Fed Chair Jerome Powell speaks at a March business conference

Will the Fed cause a recession by raising rates? Here’s what experts are saying

The economy doesn’t need the punchbowl anymore, but raising rates will still bring pain.
Jul 22, 2022
Woman painting watercolor

How freelance artists can manage their money

Being successful as a freelancer requires strong money management skills — these tips can help.
Jul 20, 2022
Asian women using laptop computer at home working space.

Short-term CD vs. long-term CD: Which is best for you?

CD terms can range from three months to five years. Learn which one is right for you.
Jul 19, 2022
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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
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
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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
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
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