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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
Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
A CFPB lawsuit claims Capital One underpaid savings account interest by $2 billion.
If your New Year’s goal is to practice self-care, use these tips to stay on budget.
Surveyed economists predict lower recession odds — but higher inflation — for 2025.
You can find a CD account that significantly out-earns the national average if you shop around among banks.
Expect savings and money market account yields to slide lower, but they still should outpace inflation
Even as interest rates drop, some top-yielding savings accounts remain competitive.
The Internal Revenue Service is automatically sending $1,400 stimulus payments to about one million Americans who never claimed their COVID-19 relief checks from 2021, according to a recent announcement. [...]
The key benchmark has been as high as 20 percent — and as low as 0 percent.
For savers, here’s what to consider when the Fed lowers interest rates.
The Federal Reserve announced that it’s lowering interest rates following its Dec. 17-18 meeting.
The Fed is expected to cut interest rates a third time. Here’s what to watch.
These holiday savings accounts are still available at many small banks and credit unions. But are they the best way to save?
Walk away with stacks of cash just for opening a checking or savings account.
Saving for your grandchildren can help to minimize the financial burdens they face down the road.
Every financial decision you make is impacted by the Federal Reserve.
Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
You can find a CD account that significantly out-earns the national average if you shop around among banks.
If you have credit card debt, your interest rates are likely to remain high in 2025.
It just might be. But don’t forget the fundamentals of how home equity loans work.
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.
This Fed communication tool is important, but be cautious when interpreting it.
The Fed’s latest cut means cheaper business loans. Here’s what it means for you.
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