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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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Chief Financial Analyst

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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
Garage sale in grass on street curb with autumn trees background

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
Federal Reserve Eccles Building in Washington, D.C.

Forecast survey: Economy’s slow rebound from coronavirus free fall will keep Fed on hold until 2022

It could take years for growth and unemployment to return to where they were before the pandemic.
Apr 24, 2020
Vacant stores stand in Wickliffe, Kentucky

How the Fed is trying to rescue the economy from the coronavirus with an emergency stash of cash

It’s pushed the Fed down a new, uncharted path.
Apr 15, 2020
Federal Reserve Chairman Jerome Powell speaks at press conference

Fed drops rates to zero in emergency rate cut due to coronavirus effects

It’s the largest emergency reduction in the Fed’s more than 100-year history.
Mar 15, 2020
Traders on the floor of the New York Stock Exchange react to news

Winners and losers from the Fed’s emergency rate cut

Here’s who stands to benefit the most from plunging interest rates.
Mar 15, 2020
An older couple gestures to a financial contract

Zero interest rates: 5 ways to prepare your finances now

The economy is expected to get rougher, but there are ways to take advantage of declining rates.
Mar 15, 2020
Federal Reserve Eccles Building in Washington, D.C.

Forecast survey: Expect Fed to slash interest rates near zero in 2020 to battle coronavirus fallout

The fed funds rate could quickly approach zero this year, experts said.
Mar 12, 2020
People walk outside the New York Stock Exchange

Here’s how top economists predict the coronavirus will impact the U.S. economy

Predictions range from cautiously optimistic to outright warnings.
Mar 10, 2020
Rapidly spreading coronavirus has left markets jittery

Survey: Coronavirus outbreak has the potential to threaten US economic growth

That’s led the majority of economists to say risks are tilted toward the downside.
Mar 04, 2020
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