Banking News

The latest in banking news, surveys and statistics from our Bankrate experts.

High yield savings

Money market rates

Checking accounts

Recommended reading

Money next to flashing sirens

If you’re struggling to pay off debt and build savings, you’re not alone.

Woman watering plants.

Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.

Savings account and money market rate forecast

Expect savings and money market account yields to slide lower, but they still should outpace inflation

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

Decorative image

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.

Experts in all things finance

Our expert reporters and editors bring the news and analysis you need—backed by data and firsthand experience.

Greg McBride, CFA

Chief Financial Analyst

Principal U.S. Economy Reporter

Senior Economic Analyst

Latest articles

white-collar woman looks tired in the office

Despite strong economic indicators, many Americans are experiencing a “vibecession.”

woman managing personal banking and finance at home

Working as a freelancer requires a new approach to saving money. Here’s how.

Man at ATM

Steer clear of these common bank fees to keep your accounts from taking a hit.

Door open showing more open doors inside

The slowing job market isn’t completely deterring workers from looking for new jobs.

Young Asian professional woman shaking hands

Here’s how to find the job you want and save money throughout the process.

Woman standing in front of an ATM

Withdrawing cash at an out-of-network ATM? Be prepared to pay more than ever.

Hand touching buttons on a ATM keypad

Convenient access to your cash often comes at a price — and sometimes it’s a very high one.

young man falling out of the sky along with various household items and cash

You might not feel better about inflation because prices are still up post-pandemic.

white-collar woman looks tired in the office

Despite strong economic indicators, many Americans are experiencing a “vibecession.”

Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank

Comparing savings rates can ensure you get the best return on your savings.

Financial manager meeting with couple in bank branch office

Get the latest rates on top-yielding money market accounts.

A man does research on his laptop.

Add-on CDs can offer more flexibility than a traditional CD.

Man in coffee shop using laptop with a card in his hand.

The rule provides a framework for settling unauthorized debit-card transactions.

Person reading credit card statement

Here are easy actions you can take to avoid the fee of get it waived.

woman managing personal banking and finance at home

Working as a freelancer requires a new approach to saving money. Here’s how.

Couple looking at computer with their financial advisor

Local banks provide valuable in-person services that online-only banks can’t offer.

Woman walking throw a bunch of floating produce items and cash

While the worst of inflation may be over, the battle hasn’t yet been won.

Sign of Wall St, a man falling down, a bundle of cash

A recession hasn’t happened yet, but it’s likely still coming, economists say.

Jerome Powell in a speaking posture

Economists are taking the Fed at its word, penciling in more rate hikes.

Federal Reserve Chair Jerome Powell speaks at a post-meeting press conference

The Fed’s quest to defeat inflation, however, is nowhere near finished.

The gasoline price sign and fuel pumps for the Turkey Hill gas station in Pennsylvania

Americans don’t have many places to hide from high inflation.

couple working on home finances

Learn about five ways in which you can break out of the credit card debt cycle.

Jerome Powell at frowning while standing at podium

Fed Chair Jerome Powell said interest rates “may not be far off” from their peak.

Picture of the front of the Federal Reserve building

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

The trusted provider of accurate rates and financial information