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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
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
CDs and fixed annuities can be great retirement options. Here are the differences.
You might not feel better about inflation because prices are still up post-pandemic.
Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
Economists see a slower job market in the year ahead but recession odds remain low.
Find out which CD term is best for your financial goals in a lower rate environment.
Here are some smart ways to protect yourself if your digital bank account stops working.
There’s still time to lock in a high-yielding CD as the Fed cuts rates.
Fed officials are trying to prevent an economic slowdown from getting worse.
CDs and fixed annuities can be great retirement options. Here are the differences.
If you’re struggling to save money right now, you’re not alone. Here’s how a few easy changes can help.
Build up your savings by automatically setting aside small amounts of money.
Not having success with your savings? A budget can make things a little easier.
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Comparing savings rates can ensure you get the best return on your savings.
You might not feel better about inflation because prices are still up post-pandemic.
Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
For savers, here’s what to consider when the Fed raises interest rates.
Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
The Federal Reserve’s decisions have ripple effects, including for mortgages.
The Fed has cut rates by half a percentage point — how will that affect the housing market?
The key benchmark has been as high as 20 percent — and as low as 0 percent.
The Federal Reserve announced that it’s lowering interest rates following its September 17-18 meeting.
Does the Fed interest rate affect car loans? Yes, it does: It has a domino effect that can raise or lower auto loan rates.
This Fed communication tool is important, but be cautious when interpreting it.
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