Banking News

The latest in banking news, surveys and statistics from our Bankrate experts.

Money Bag Icon
CD rates
Savings Rate Icon
High yield savings
Rates Icon
Money market rates
Dollar Icon
Checking accounts
Bank With Star Icon
Bank reviews

Recommended reading

Money next to flashing sirens

Bankrate’s 2025 Emergency Savings Report

Banking
New Bankrate data shows the economy is making it harder for Americans to save.
By Lane Gillespie
13 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

Experts in all things finance

Our expert reporters and editors bring the news and analysis you need—backed by data and firsthand experience.

About Bankrate
Greg McBride

Greg McBride, CFA Arrow Right Icon

Chief Financial Analyst

Sarah Foster

Sarah Foster Arrow Right Icon

Principal U.S. Economy Reporter

Mark Hamrick

Mark Hamrick Arrow Right Icon

Senior Economic Analyst

Latest articles

Money next to flashing sirens

Bankrate’s 2025 Emergency Savings Report

New Bankrate data shows the economy is making it harder for Americans to save.
Jan 23, 2025
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.
Jan 22, 2025
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)
Jan 22, 2025
Design element of a pile of cash with a illustration of a city in the background

Planning to relocate for a job? Here’s how far your paycheck goes in the 25 largest U.S. metros

That $100K salary goes a lot further in some metros than others. Here’s why.
Jan 22, 2025
young man falling out of the sky along with various household items and cash

Inflation rose again last month — here are the prices rising most

You might not feel better about inflation because prices are still up post-pandemic.
Jan 15, 2025
Woman reaching in to the air for cash

What is inflation? Here’s how rising prices can erode your purchasing power

Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
Jan 15, 2025
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
Federal Reserve chair

3 things to watch for at the Fed’s April-May meeting

The Fed will most likely hold interest rates steady, but here’s how it could still impact your wallet.
Apr 26, 2019
FDIC building in Washington DC

Robinhood, looking beyond brokerage, seeks bank charter to expand into deposits, credit cards

The free stock trading outfit had previously walked back deposit product plans.
Apr 25, 2019
Federel Reserve building

Fed officials say rates could shift in ‘either direction’ depending on economic growth

Federal Reserve officials are giving themselves room to be flexible with monetary policy.
Apr 10, 2019
Woman using a calculator

Why banks are suddenly so interested in pitching ways to improve your wealth

Challenged by fintech startups, banks are pushing new services to customers.
Mar 27, 2019
Jerome Powell Fed FOMC Decision Day

Federal Reserve leaves interest rates unchanged, sees no more hikes this year

The Fed voted to leave interest rates alone for the second-straight meeting.
Mar 20, 2019
Bank teller with customer

How bank tellers quietly disappeared from America, and what that means for consumers

Branch banking is rapidly changing with the rise of automation and fintech.
Mar 20, 2019
Americans crossing the street in the rain

Survey: 21% of working Americans aren’t saving anything at all

Many Americans are adding nothing to their savings. These are the biggest reasons.
Mar 14, 2019
Wells Fargo ATM cars

Wells Fargo may still be under fire, but customer deposits continue to grow anyway

Consumers aren’t so quick to turn away from the big bank.
Mar 13, 2019

HELOCs replace cash-out refinancing for equity-rich homeowners

Cash-out refis are out, and home equity lines of credit are in.
Jan 24, 2025
Woman reaching in to the air for cash

What is inflation? Here’s how rising prices can erode your purchasing power

Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
Jan 15, 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
Hand holidng a credit ard

Credit card interest rate forecast for 2025: Rates will only fall a bit

If you have credit card debt, your interest rates are likely to remain high in 2025.
Jan 02, 2025
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.
Dec 19, 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.
Dec 18, 2024

How does the Federal Reserve affect mortgages?

The Federal Reserve’s decisions have ripple effects, including for mortgages.
Dec 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 rate cuts

This Fed communication tool is important, but be cautious when interpreting it.
Dec 18, 2024
The trusted provider of accurate rates and financial information
Wall Street Journal
Usa Today
New York Times
Cnn
Bloomberg
Abc