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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
4 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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Principal U.S. Economy Reporter

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Senior Economic Analyst

Latest articles

Fed Chair Jerome Powell speaks during a news conference

Fed lowers interest rates with surprising jumbo half-point cut

Fed officials are trying to prevent an economic slowdown from getting worse.
Sep 18, 2024
Illustration of Fed Chair Jerome Powell

September Fed Meeting Live Updates: What the Fed’s big half-point cut means for you

Tune in to Bankrate’s live coverage of the Fed’s first rate cut since 2020.
Sep 18, 2024
Women using digital tablet to check her finances at home office

How the Federal Reserve impacts savings account interest rates

For savers, here’s what to consider when the Fed raises interest rates.
Sep 18, 2024
Federal Reserve Eccles Building illustration

Fed’s interest rate history: The federal funds rate from 1981 to the present

The key benchmark has been as high as 20 percent — and as low as 0 percent.
Sep 18, 2024
Fed chair Jerome Powell walks into a conference

Biggest winners and losers from the Fed’s interest rate cut

The Federal Reserve announced that it’s lowering interest rates following its September 17-18 meeting.
Sep 18, 2024
Fed Chair Powell Holds News Conference Following FOMC Rate Decision

The Federal Reserve’s latest dot plot, explained – and what it says about interest rates cuts

This Fed communication tool is important, but be cautious when interpreting it.
Sep 18, 2024
Fed Chair Jerome Powell speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing.

The Fed just cut interest rates. Here are 12 key money moves to make

Rate cuts mark a new era for the Fed. Here’s what you should do as a consumer.
Sep 18, 2024
Illustration of a US Federal Reserve ink stamp

6 key ways the Federal Reserve impacts your money

Every financial decision you make is impacted by the Federal Reserve.
Sep 16, 2024
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17 legitimate ways to get money fast

Here are some places to look for a source of funds.
Sep 26, 2024
family financial planning

How to save money: 14 easy tips

Here’s how to boost your savings.
Sep 26, 2024
Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank

What is the average interest rate for savings accounts?

Comparing savings rates can ensure you get the best return on your savings.
Sep 26, 2024
Woman watering plants.

Current CD rates for September 2024

Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Sep 26, 2024
Young woman working from her kitchen island and drinking a hot beverage

Best business savings accounts for 2024

Here are some of the best savings accounts you can sign up for as a business owner.
Sep 26, 2024

We’re personal finance journalists — and we’re revealing our expert tactics to increase your career earnings

Six Bankrate experts share the career moves that let them get ahead financially.
Sep 26, 2024
Woman accessing her checking account at home on a laptop

Best business checking accounts for September 2024

Not paying fees and an easy way to bank should all be priorities. Here are some of our favorites.
Sep 24, 2024
man pumping gas into his car

15 creative ways to save money

Here are 11 creative ways to save money, regardless of your financial goals.
Sep 23, 2024
A woman shopping for a board game at Target

Survey: Inflation has likely peaked, but consumers will still pay more this year

Cooling inflation isn’t the same as low inflation.
Jan 04, 2023
Now hiring sign in a shop window

Survey: Economists see slower hiring and more unemployment in 2023

Job growth is expected to be nearly 10 times slower this year than it was last year.
Jan 04, 2023
Jerome Powell walking across a stage

Survey: Fed seen aggressively hiking rates above 5% in 2023

Economists expect more rate hikes than the Fed itself.
Jan 04, 2023
Traders work on the floor of the New York Stock Exchange

Survey: The U.S. economy has a 64% chance of entering a recession this year

Experts say no other downturn has been so widely predicted.
Jan 04, 2023
Aerial image of a town during the winter

Mortgage rate forecast for January 2023: Rates could yo-yo

New year, new rates? It all depends on inflation, the Fed, and if a recession looms.
Jan 01, 2023
Jerome Powell looking serious

Survey: 10-year Treasury yield to rise even higher over the next year, experts say

Analysts were nearly split on whether rates would be higher or lower a year from now.
Dec 20, 2022
Federal Reserve Chair Jerome Powell speaks at a post-meeting press conference

Fed raises rates by half a point, sees rates topping 5% in 2023

The Fed’s inflation fight is far from over.
Dec 14, 2022
Friends gather for a New Year's celebration

Mortgage rate forecast for December 2022: A celebratory pause?

This year has been one of the most challenging in which to forecast mortgage rates thanks to unprecedented volatility.
Dec 01, 2022
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