While it depends where you bank, most savings interest rates are generally going to rise slowly. Bell says consumers may see CDs rise to around 2% to 2.5% by the end of 2022, and savings accounts also may increase rates throughout the year. "If consumers are expecting that they're going to see a massive pop in rates on their savings account over the course of this year, I would say you may be setting yourself up for some level of disappointment," advises Bell.   Protopapadakis also says the Federal Reserve's timing to curb inflation may also impact your savings decisions. "If inflation is bad enough, interest rates don't rise enough. Then people try to move out as much as they can have savings accounts and put into things that have a high return and high risk," adds Protopapadakis.