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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
“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.”
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
Savers can still earn yields on deposit accounts that are outpacing inflation, even as some yields have decreased recently as banks anticipate a likely Federal Reserve rate cut in September. One such option [...]
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I’ve been in financial services for nearly 14 years and have helped customers with the most common deposit products, but this month was the first time I opened a certificate of deposit (CD) for myse [...]
Savers can still earn yields on deposit accounts that are outpacing inflation, even as some yields have decreased recently as banks anticipate a likely Federal Reserve rate cut in September. One such option [...]
How Reg. D impacts your savings account and why it pays to check with your bank.
Online bill pay can add convenience and security to managing your routine bills.
Depositing cash into someone’s account isn’t always possible, but there are options.
Despite strong economic indicators, many Americans are experiencing a “vibecession.”
Can a Fed rate cut stop the housing market roller coaster?
The Federal Reserve raised interest rates several times. These interest rate changes are likely to affect the rates of personal loans.
How Reg. D impacts your savings account and why it pays to check with your bank.
Mortgage rates have fallen, but the imminent Fed cut could make them even more favorable for refinancers.
Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
It isn’t always about two consecutive quarters of negative GDP growth.
As the job market weakens, some economists say the Fed should’ve cut rates already.
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
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