Savings accounts across the American banking system paid a little less on average in September than in the month before. The Federal Deposit Insurance Corporation’s monthly national rate for savings came in at 0.37 percent, down from 0.38 percent in August. The move is a single hundredth of a percentage point, but it ended a…

A nine-month certificate of deposit at Marcus by Goldman Sachs pays 4.30% APY, while the twelve-month CD pays only 3.90%, so three extra months of waiting are rewarded with a rate 0.40 percentage points lower. The rates come from Marcus’s own CD page, which was dated Sept. 29, 2026 when it was read on Sept.…

Treasury offered $82 billion of 26-week bills on Monday, Sept. 28, and the high investment rate came in at 4.441%, or 4.44%. That is up from 4.023%, or 4.02%, at the Sept. 8 auction of the same six-month bill. A saver comparing the two dates sees a gap of 0.418 percentage point in three weeks.…

For three years, every move the central bank made on short-term interest rates went in one direction: down, or nowhere at all. That run ended on Wednesday, September 16, 2026, when the Federal Open Market Committee lifted its target range a quarter point and every voting member signed off on it. The change took effect…

The Federal Open Market Committee moved interest rates a quarter point higher on September 16, pushing the federal funds target range to between 3.75% and 4%, the range that ripples into savings account yields, certificate-of-deposit rates and credit card annual percentage rates alike. Every voting member on the committee backed the increase. For a household…

The federal government is currently paying savers almost a full percentage point more to lend it money for ten years than it is paying them to lend it money for one year. A one-year Treasury bill sold at a yield of 3.93 percent as of September 3, while a ten-year Treasury note yielded 4.77 percent…

The Federal Reserve’s rate-setting committee met on July 28 and 29, and when the vote was counted, nine officials chose to leave the federal funds rate alone. Three did not agree, and they didn’t want a cut — they wanted the Fed to raise rates. That split matters more than it sounds like it should,…

The Federal Deposit Insurance Corporation refreshed its monthly rate benchmark on August 17, and the gap it revealed is a familiar one for anyone who hasn’t shopped around lately. The national average one-year certificate of deposit currently pays 1.71 percent, while the regulatory ceiling for that same product sits at 5.65 percent — more than…

A certificate of deposit is one of the most predictable products a bank offers, and that predictability is exactly what trips people up. The deal is simple on the surface: lock the money away for a set time and the bank guarantees a fixed interest rate. What many savers underestimate is the cost of breaking…

Savers have spent the past two years enjoying certificates of deposit that finally pay something real, with the best one-year CDs sitting right around 4 percent. That window may not stay open forever. The Federal Reserve meets in mid-September, and if it decides to lower its benchmark rate, the yields banks advertise on new CDs…