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New Charts For Showing Rate Trends at DepositAccounts


New Charts For Showing Rate Trends at DepositAccounts

We have made an enhancement to the rate table pages. It’s an enhancement that is easy to miss. At the bottom of each of the major rate tables, a chart is included that displays the trend of the average APY of all the banks and credit unions that we track. This is intended to help you see where rates are headed. It also can be useful to see how the Fed rate hikes are affecting deposit rates.

These average yield charts are located at the bottom of the major rate tables, which include savings accounts, standard checking, reward checking, money market accounts and CDs for terms of 1 year, 18 months, 2 years, 3 years, 4 years and 5 years.

Below is an example of the chart for the average 1-year CD APY. The following chart is set for a period of two years of history. The period can be adjusted by the user from 3 months to 5 years. The product type can also be adjusted by the user.

You can see how the average 1-year CD yield was slowly climbing in 2015. This climb ended early in 2016, and the yield remained essentially unchanged until December 2016 when the yield began climbing again. In the last few months, the average yield has been rising faster than at any other time in the last five years.

The last two Fed rate hikes appear to be affecting CD rates more than savings account rates. If you select “personal savings” in the chart, you can see how the average savings account APY has changed in the last two years. As can be seen, the yield has been essentially flat.

As additional Fed rate hikes take place, you can use these charts to see how they’re affecting the deposit yield averages. Hopefully, once the averages start moving up, the climb will be long and steady.

Ally6770   |     |   Comment #1
Amazing chart that allows you to change and compare both the length of the CD and also the time span.
Saver   |     |   Comment #2
Ken, Thank you as is clear and helpful.
walkingonsunshine   |     |   Comment #3
Very nice Kenneth
deplorable 1
deplorable 1   |     |   Comment #4
Nice job Ken! Your site keep getting better and better.
Bozo   |     |   Comment #5
At the risk of being booed and hissed, the interactive chart shows "averages" and "trends", but not the absolutely, positively, best data in the bi-weekly CD summary. I mean, it's nice to know the average 5-yr CD is trending up, and currently "averages" 1.46%, but who in their right mind would buy a 5-yr CD at 1.46%?
Carpline   |     |   Comment #6
The bi-weekly CD Summary is the go-to DA feature for me, too, but I appreciate this new feature. Thank you, Ken, et al.
xxx   |     |   Comment #8
Boo! Hiss!
MidAtlantic   |     |   Comment #10
No-one is suggesting they would or should buy a 5 yr CD at the average rate.
Nothing   |     |   Comment #12
Average is better than below average...and knowing the "average" helps ensure the rate "you" are looking at is "reasonable."
Saver   |     |   Comment #11
Chart shows the data trends from which you make your own assumptions and investment decisions.
You make your own decisions from the data provided.from multiple sources.
Bogey   |     |   Comment #13
Very well said with good advice to follow.
deplorable 1
deplorable 1   |     |   Comment #15
That's actually a great point Bozo and was my first thought as well when looking at those low rates. I think it would be really hard to track any trends using the highest rates though because those are the rates that buck the trend.
cumulus   |     |   Comment #7
Any thought to a "period" element of say 'next 6 months'--- ie. a prognostication! --- perhaps based on the Fed funds futures' probabilities?  Does this sound greedy? It is.

In any case another fine enhancement; thank you.
Anonymous   |     |   Comment #9
Very nice. 10-year would also be useful to view.
Alcoholics_Anon   |     |   Comment #14
Great chart for quantifying interest rate trends versus the inflation rate. Like Bozo suggests, it would be interesting to filter-out just the maximum available rates and show similar results. We've all got a ballpark version of this by reading your weekly updates. Thanks to your website, most all of my CD's are running near the maximum rate available at that particular time. Keep up the good work!