Weekly Depository Account Rate Indexes


Money Economics tracks the rate movements of over 150 high yield banks regularly.  We routinely pick up FDIC insured banks we believe to be paying high interest rates.  Of course, it can get troublesome for everyone to sort through a long list of banks.  We believe the relevant questions should be "How do I know my bank is paying me a competitive rate for my deposits?" and "What is the APY trending looking like for the high yield banks?"  The answer to that: an index for the highest yield banks by account type, in a historical perspective. 

These indexes are published to serve as interest rate benchmarks.  Each index is compiled based on our researches on the highest yield FDIC insured accounts.  Compare what you are getting from your bank (or prospective bank) to see if you are getting a good deal or not!

Current Account Rate Indexes*

Savings Accounts
 0.66%
Checkings Accounts
 0.78%
Money Market Depository Accounts
 0.73%
CD (3, 6, 9, 12 months) 0.55%
CD (18,24, 30, 36 months) 1.05%
CD (48, 60 months) 1.51%
CD (120 months) 2.45%



*Money Economics tracks high yield bank account products offered by FDIC insured banks.  The Weekly Account Rate Indexes are compiled by taking the average rate by the top offers from each category.  Each index, following the law of averages, should provide good indications on how the rates are moving for each product category.

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Last Updated on Tuesday, 11 October 2011 05:19