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The latest in banking news, surveys and statistics from our Bankrate experts.
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If you’re struggling to pay off debt and build savings, you’re not alone.
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Expect savings and money market account yields to slide lower, but they still should outpace inflation
Exclusive insights from our expert analysts
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.
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What is inflation?
Here’s a breakdown of what inflation is and isn’t, as well as why it matters so much for your wallet.
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Signs of a recession
The U.S. economy looks like it's still on stable footing, but high inflation and rising interest rates could challenge that down the road.
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Fed's interest rate decision
The biggest winners and losers from the Fed's interest rate decision.
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FOMC: what to expect
Fed meeting preview: As unemployment rises and inflation slows, should officials cut interest rates now?
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Latest articles
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You might not feel better about inflation because prices are still up post-pandemic.
For three straight surveys, economists have upgraded their job market forecasts.
Economists say the risks of a downturn are still high, even as the economy stays strong.
Expect savings and money market account yields to slide lower, but they still should outpace inflation
See our predictions for rates on mortgages, credit cards, savings accounts and more.
You can find a CD account that significantly out-earns the national average if you shop around among banks.
Many of these banks offer low-fee accounts and higher yields than some of the biggest banks.
Make 2024 the year you take your savings to the next level.
A notary public witnesses and validates the signing of important documents.
Mortgage rates have fallen, but the imminent Fed cut could make them even more favorable for refinancers.
Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
The Federal Reserve raised interest rates several times. These interest rate changes are likely to affect the rates of personal loans.
It isn’t always about two consecutive quarters of negative GDP growth.
As the job market weakens, some economists say the Fed should’ve cut rates already.
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
The Federal Reserve’s decisions have ripple effects, including for mortgages.
Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
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