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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 December 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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About Bankrate
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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 Senate Banking, Housing, and Urban Affairs Committee hearing.

The Fed just cut interest rates again. 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.
Nov 07, 2024
Fed chair Jerome Powell makes a speech

Fed cuts interest rates by quarter point, points to uncertain next steps after Trump’s election win

The Federal Reserve cut interest rates for the second consecutive meeting but this time by a smaller quarter of a percentage point.
Nov 07, 2024
Young couple managing finance and investment online

Interest rates on top-yielding CDs are dropping. Here’s what that means for savers

There’s still time to lock in a high-yielding CD as the Fed cuts rates.
Nov 07, 2024
Cropped shot of a businessman using his computer in his home office

Which CD term is best in a lower rate environment?

Find out which CD term is best for your financial goals in a lower rate environment.
Nov 07, 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.
Nov 07, 2024
Fed Chair Jerome Powell speaks from a podium

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

The Federal Reserve announced that it’s lowering interest rates following its Nov. 6-7 meeting.
Nov 07, 2024
Jerome Powell, Chair of the Federal Reserve of the United States

Fed Meeting Live Updates: What comes next for the Fed’s rate cut plans?

Follow along as Bankrate’s experts break down the Fed’s next interest rate decision.
Nov 07, 2024
Couple looking at laptop while sitting on sofa at home

5 CDs to consider before another Fed rate cut

As the Fed is cutting interest rates, consider these certificates of deposit (CDs)
Nov 06, 2024
The Treasury building.

How long does it take for Series EE bonds to mature?

The best time to cash in savings bonds depends on an investor’s life circumstances.
Dec 06, 2024
Female hand inserting bank card into ATM

FDIC survey: Unbanked households hit record low

Unbanked households are at record low. Here are the perks of having a bank account.
Dec 06, 2024
Financial manager meeting with couple in bank branch office

National average money market account rates for December 2024

Get the latest rates on top-yielding money market accounts.
Dec 05, 2024
Woman watering plants.

Current CD rates for December 2024

Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Dec 05, 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.
Dec 05, 2024
Female patient paying with credit card at doctor's office front desk

Changes to Health Savings Accounts (HSAs) in 2025

Here’s what you need to know about upcoming changes to Health Savings Accounts.
Dec 05, 2024
Illustration of worker juggling dollar bills over a background of a line signifying rising inflation

Survey: More than 3 in 5 workers got a pay increase this year — but some still say their wages trailed inflation

That’s even as the latest data shows that wages are rising faster than prices.
Dec 04, 2024
Young Woman Checking Her Finances At Home

Where is the account number on a check?

Finding the account number on a check is easy — if you know where to look.
Dec 03, 2024
Home decorated for autumn

The Fed just cut interest rates again. Time to tap your home equity?

It just might be. But don’t forget the fundamentals of how home equity loans work.
Nov 08, 2024

How does the Federal Reserve affect mortgages?

The Federal Reserve’s decisions have ripple effects, including for mortgages.
Nov 07, 2024

How the Federal Reserve affects HELOCs and home equity loans

If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
Nov 07, 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.
Nov 07, 2024
US-ECONOMY-FEDERAL RESERVE-RATE-POWELL

How the Federal Reserve affects business loans

The Fed’s latest cut means cheaper business loans. Here’s what it means for you.
Nov 07, 2024
Fed chair Jerome Powell makes a speech

Fed cuts interest rates by quarter point, points to uncertain next steps after Trump’s election win

The Federal Reserve cut interest rates for the second consecutive meeting but this time by a smaller quarter of a percentage point.
Nov 07, 2024
Exterior of Federal Reserve building

How does the Fed interest rate affect car loans?

Does the Fed interest rate affect car loans? Yes, it does: It has a domino effect that can raise or lower auto loan rates.
Nov 07, 2024
Calm focused female freelancer in casual clothes revising reports while sitting on soft couch at table and using computer in light contemporary apartment

Fed rate cuts won’t end the sting of high interest rates for subprime cardholders

Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
Nov 07, 2024
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