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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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About Bankrate
Greg McBride

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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

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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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
Illustration of Fed Chair Jerome Powell

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
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
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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
image of lawnmower and cash

15 ways to make extra money online and offline

Many of these options are flexible to your schedule.
Oct 08, 2024
woman holding a pen and signing paperwork in the living room at home

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
A man researches online.

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
A young woman researches on her phone at a cafe.

Are money market accounts safe? Here’s what you should know

Short answer? Yes. Here’s what you need to know.
Oct 07, 2024
Woman sitting outside of restaurant looking at cell phone

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
Man blocking face by holding a stop sign in front of himself

Denied and distressed: Half of applicants have been turned down for a loan or financial product since the Fed began raising rates

Americans’ credit woes might not turn around until the Fed eventually cuts rates.
Mar 04, 2024
Members of the Federal Reserve Board of Governors stand with Fed Chair Jerome Powell after he was sworn in for his second term.

The Federal Reserve’s board of governors, explained — who’s on it and what they do

The Fed’s board has a powerful influence over interest rates and monetary policy.
Jan 30, 2024
couple stressing about the rise of interest rates

When will personal loan interest rates start dropping?

The Federal Reserve has finally shown the signs of a rate plateau. However, interest rates are still breaking records, and it’s not a given that personal loan rates will fall anytime soon. While the [...]
Jan 09, 2024

Survey: Economists split on whether Fed will cut rates in first or second half of 2024

Will falling inflation make the Fed in a hurry to cut rates?
Jan 03, 2024

Survey: Inflation is slowing fast but still might not hit the Fed’s target until 2025

Inflation slowed much faster than expected last year, but economists are still wary.
Jan 03, 2024

Survey: Economists project a milder hiring slowdown than originally expected for 2024

For three straight surveys, economists have upgraded their job market forecasts.
Jan 03, 2024

Survey: Despite a resilient economy, experts still see a near 1-in-2 chance of a recession

Economists say the risks of a downturn are still high, even as the economy stays strong.
Jan 03, 2024
Illustration of a credit card for Bankrate's 2024 credit cards interest rate forecast

Credit card interest rate forecast for 2024: Rates will ease a bit, but remain high

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