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Recommended reading

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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 January 2025

Banking
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
By Matthew Goldberg
4 min read
A graphic of origami of a dollar bill folded to look like a piggy bank with a penny on top.

Savings and money market account rates forecast for 2025: 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
3 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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Latest articles

People walking back and forth in front of Capital One Bank entrance.

Capital One sued by CFPB over its high-yield savings accounts

A CFPB lawsuit claims Capital One underpaid savings account interest by $2 billion.
Jan 14, 2025
Image showing a dumbbell wrapped with U.S. dollar bills

New Year’s resolutions don’t have to break the bank. These 5 tips will keep you on budget

If your New Year’s goal is to practice self-care, use these tips to stay on budget.
Jan 14, 2025
Illustration of Fed Chair Jerome Powell and money

Bankrate’s Q4 Economic Indicator Survey: Here’s what the nation’s top economists are predicting for the U.S. economy in 2025

Surveyed economists predict lower recession odds — but higher inflation — for 2025.
Jan 08, 2025

CD rates forecast for 2025: Top yields will decline, yet they’ll outpace inflation

You can find a CD account that significantly out-earns the national average if you shop around among banks.
Jan 02, 2025
A graphic of origami of a dollar bill folded to look like a piggy bank with a penny on top.

Savings and money market account rates forecast for 2025: Yields will dip but remain higher than inflation

Expect savings and money market account yields to slide lower, but they still should outpace inflation
Jan 02, 2025
Pink piggy bank stuffed with dollar bills

Why now is still a good time to grow your money in a deposit account – even as rates decline

Even as interest rates drop, some top-yielding savings accounts remain competitive.
Dec 23, 2024
Woman checks mail

IRS sending $1,400 stimulus checks to 1 million Americans — here’s how everyone else can save the same amount

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. [...]
Dec 23, 2024
Calendar of 2023

Take the 52-week money challenge: What it is and how to do it

Use this challenge to stash more cash toward your savings goals.
Dec 19, 2024
People walking back and forth in front of Capital One Bank entrance.

Capital One sued by CFPB over its high-yield savings accounts

A CFPB lawsuit claims Capital One underpaid savings account interest by $2 billion.
Jan 14, 2025
Image showing a dumbbell wrapped with U.S. dollar bills

New Year’s resolutions don’t have to break the bank. These 5 tips will keep you on budget

If your New Year’s goal is to practice self-care, use these tips to stay on budget.
Jan 14, 2025
image of calculator and christmas tree ornament

Holiday spending hangover: 7 tips to pay off debt and increase your savings

Here’s how you can start paying off that holiday debt and building up your savings.
Jan 13, 2025
Mother and daughter shopping for vegetables

12 ways to save money every day

These simple moves can help you build a cash cushion.
Jan 13, 2025
A couple budgets together.

18 ways to save money on a tight budget

Bankrate offers 18 ideas for stretching your budget to save money.
Jan 10, 2025
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.
Jan 09, 2025
Financial manager meeting with couple in bank branch office

National average money market account rates for January 2025

Get the latest rates on top-yielding money market accounts.
Jan 09, 2025
Woman watering plants.

Current CD rates for January 2025

Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Jan 09, 2025
CD rates forecast for 2024

CD rates forecast for 2024: Expect banner year for savers with strong yields, lower inflation rate

You can find a CD account that significantly out-earns the national average if you shop around among banks.
Jan 02, 2024
Illustration of a credit card for Bankrate's 2024 credit cards interest rate forecast

Credit card interest rate forecast for 2024: Rates will ease a bit, but remain high

If you have credit card debt, your interest rates are likely to remain high in 2024.
Jan 02, 2024
Someone reading a receipt as they push their shopping cart

Survey: Nearly two-thirds of Americans don’t expect their personal finances to improve in 2024

The biggest reason behind Americans’ financial pessimism continues to be inflation.
Dec 18, 2023
Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C.

Fed keeps interest rates unchanged, sees cuts coming in 2024

The decision adds to suspicions that officials are done raising rates.
Dec 13, 2023
Jerome Powell juxtaposed against an illustrated artistic background

Will the Fed raise interest rates one more time this year? Some economists aren’t convinced

Experts are doubting the Fed’s September projections that showed one more rate hike.
Nov 08, 2023

HELOCs replace cash-out refinancing for equity-rich homeowners

Even at higher rates, a HELOC is worth considering over other types of financing.
Nov 03, 2023
Panoramic aerial view of upscale neighborhood in the suburb

Experts: Mortgage rates won’t rise much more — but also won’t go down any time soon

The sharp rise in mortgage rates raises a new question: How much higher could they go?
Oct 20, 2023
Small middle class American home

Mortgage rates reach 8%, a first since 2000

The average 30-year fixed mortgage rate touched 8 percent on Oct. 19, according to Bankrate data.
Oct 19, 2023
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