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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 October 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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Chief Financial Analyst

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Latest articles

Holding up a golden piggy bank, balancing on one finger

CDs or fixed annuities: Which is a better way to save for retirement?

CDs and fixed annuities can be great retirement options. Here are the differences.
Oct 11, 2024
young man falling out of the sky along with various household items and cash

Inflation slowed less than expected in September — here are the prices rising most

You might not feel better about inflation because prices are still up post-pandemic.
Oct 10, 2024
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.
Oct 10, 2024
Illustration of Fed Chair Jerome Powell

Bankrate’s Q3 Economic Indicator Survey: Recession odds stay low, but unemployment is expected to reach 4.5%

Economists see a slower job market in the year ahead but recession odds remain low.
Oct 09, 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.
Oct 04, 2024
distressed woman with laptop

5 steps to take during an online banking outage

Here are some smart ways to protect yourself if your digital bank account stops working.
Oct 02, 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.
Sep 30, 2024
Fed Chair Jerome Powell speaks during a news conference

Fed lowers interest rates with surprising jumbo half-point cut

Fed officials are trying to prevent an economic slowdown from getting worse.
Sep 18, 2024
Holding up a golden piggy bank, balancing on one finger

CDs or fixed annuities: Which is a better way to save for retirement?

CDs and fixed annuities can be great retirement options. Here are the differences.
Oct 11, 2024
man taking money out of a wallet

10 ways to save $100 more each month

If you’re struggling to save money right now, you’re not alone. Here’s how a few easy changes can help.
Oct 10, 2024
A man uses the Qapital app to save money.

9 best money-saving apps of 2024

Build up your savings by automatically setting aside small amounts of money.
Oct 10, 2024
A couple budgets together.

14 ways to save money on a tight budget

Not having success with your savings? A budget can make things a little easier.
Oct 10, 2024
Woman watering plants.

Current CD rates for October 2024

Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Oct 10, 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.
Oct 10, 2024
young man falling out of the sky along with various household items and cash

Inflation slowed less than expected in September — here are the prices rising most

You might not feel better about inflation because prices are still up post-pandemic.
Oct 10, 2024
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.
Oct 10, 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.
Sep 18, 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.
Sep 18, 2024

How does the Federal Reserve affect mortgages?

The Federal Reserve’s decisions have ripple effects, including for mortgages.
Sep 18, 2024
Banking_How-the-Fed-Rate-Affects-Housing_

What the Fed’s rate cut means for homebuyers and sellers

The Fed has cut rates by half a percentage point — how will that affect the housing market?
Sep 18, 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.
Sep 18, 2024
Fed chair Jerome Powell walks into a conference

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

The Federal Reserve announced that it’s lowering interest rates following its September 17-18 meeting.
Sep 18, 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.
Sep 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 rates cuts

This Fed communication tool is important, but be cautious when interpreting it.
Sep 18, 2024
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