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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
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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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Principal U.S. Economy Reporter

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Latest articles

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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
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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.
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
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September Fed Meeting Live Updates: What the Fed’s big half-point cut means for you

Tune in to Bankrate’s live coverage of the Fed’s first rate cut since 2020.
Sep 18, 2024
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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
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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
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
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15 ways to make extra money online and offline

Many of these options are flexible to your schedule.
Oct 08, 2024
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What is a bank reconciliation statement?

A bank reconciliation statement helps you track business finances and catch errors.
Oct 08, 2024
Piggy bank with cash overflowing

Best bank account bonuses for October 2024

Walk away with stacks of cash just for opening a checking or savings account.
Oct 08, 2024
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5 reasons to get a money market account

Looking for a place to park your savings? Here’s why a MMA might be appealing.
Oct 07, 2024
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Are money market accounts safe? Here’s what you should know

Short answer? Yes. Here’s what you need to know.
Oct 07, 2024
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How to start saving (even if you’re starting from scratch)

Getting into the habit of paying yourself first is hard. Here are some ideas to help you start.
Oct 07, 2024
Mother with baby paying bills online.

How to make a home budget: 4 steps to help you know where your money is going

Budgeting is key to understanding where your household’s money is going.
Oct 07, 2024
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Here’s why mortgage rates won’t fall after the Fed cut

Today’s mortgage rates already reflect the likelihood of a September Federal Reserve rate cut.
Sep 12, 2024
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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.
Sep 11, 2024
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What homebuyers should know before the upcoming Fed meeting

With a Fed rate cut finally on the horizon, here’s what homebuyers should know.
Sep 09, 2024
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Will Fed rate cuts stop the housing market roller coaster?

Can a Fed rate cut stop the housing market roller coaster?
Sep 06, 2024
Woman online banking with a tablet

Regulation D and savings account withdrawal limits – here’s what changed

How Reg. D impacts your savings account and why it pays to check with your bank.
Sep 03, 2024
Couple sitting on a sofa, looking at a laptop

No rush to refinance your mortgage just yet, experts say

Mortgage rates have fallen, but the imminent Fed cut could make them even more favorable for refinancers.
Aug 21, 2024
Traders work on the floor of the New York Stock Exchange

What is a recession? Why the July jobs report has sparked new fears

It isn’t always about two consecutive quarters of negative GDP growth.
Aug 05, 2024
Federal Reserve Chair Powell at a podium

With the job market weakening, a September Fed interest rate cut seems imminent. How big could it be?

As the job market weakens, some economists say the Fed should’ve cut rates already.
Aug 02, 2024
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