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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
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Current CD rates for February 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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Chief Financial Analyst

Sarah Foster

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Principal U.S. Economy Reporter

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Senior Economic Analyst

Latest articles

A mid adult woman sits at the counter in her kitchen and uses a laptop computer for online banking while managing her personal finances.

Delaying deposit decisions? Consider the cost before waiting on the Fed

Don’t wait for the next Fed meeting to see where rates go before opening a deposit account.
Feb 04, 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 30, 2025
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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 30, 2025

Fed pauses interest rate cuts despite Trump’s call to lower rates ‘immediately’

Interest rates are not coming down as quickly as they surged.
Jan 29, 2025
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 lowers interest rates.
Jan 29, 2025
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.
Jan 29, 2025
Fed Chair Jerome Powell speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing.

The Fed didn’t cut interest rates this month. Here are 12 key money moves to make

The Fed’s rate cuts might be on pause. Here’s what you should do as a consumer.
Jan 29, 2025
Fed chair Jerome Powell speaks to reporters at a Fed meeting

Biggest winners and losers from the Fed’s latest meeting

The Federal Reserve announced that it’s holding interest rates steady following its Jan. 28-29 meeting.
Jan 29, 2025
man taking money out of a wallet

10 ways to save $100 more each month

Here’s how to save an extra $100 monthly with simple changes.
Feb 07, 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.
Feb 06, 2025
Financial manager meeting with couple in bank branch office

National average money market account rates for February 2025

Get the latest rates on top-yielding money market accounts.
Feb 06, 2025
Fresh produce

18 ways to save money on groceries

With a bit of planning, you can reduce your grocery bill. Here’s how.
Feb 06, 2025
Woman watering plants.

Current CD rates for February 2025

Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Feb 06, 2025
Piggy bank with cash overflowing

Best bank account bonuses for February 2025

Walk away with stacks of cash just for opening a checking or savings account.
Feb 05, 2025
close up of hands writing a check

Where can I cash a check without a bank account?

Consumers without a bank account face hurdles when trying to cash a check.
Feb 05, 2025
woman looking at her phone while walking outside

5 mobile bank apps that help you save money

These five banking apps can help you save money even on a tight budget.
Feb 05, 2025
couple working on home finances

How to break the credit card debt cycle

Learn about five ways in which you can break out of the credit card debt cycle.
Feb 07, 2025
Donald Trump sitting at a desk in the Oval Office.

Should bond investors beware Trump tariffs? How proposed tariffs could hit bonds

Tariffs are an import tax on foreign-made goods, and they act like a sales tax.
Feb 06, 2025
Man blocking face by holding a stop sign in front of himself

Survey: Almost half of loan applicants have been denied over the past 12 months

Rate cuts from the Fed usually help borrowers. They aren’t right now.
Feb 03, 2025
Man working on laptop and cellphone simultaneously

Why long-term CDs can be a smart choice in any rate environment

If you’ve been thinking of getting a longer-term CD, you may want to make a move.
Jan 30, 2025

Fed pauses interest rate cuts despite Trump’s call to lower rates ‘immediately’

Interest rates are not coming down as quickly as they surged.
Jan 29, 2025
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 lowers interest rates.
Jan 29, 2025
US-ECONOMY-FEDERAL RESERVE-RATE-POWELL

How the Federal Reserve affects business loans

The Fed’s rate hold means loans costs are sticking. Here’s what it means for your business.
Jan 29, 2025

How does the Federal Reserve affect mortgages?

The Federal Reserve’s decisions have ripple effects, including for mortgages.
Jan 29, 2025
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