National Rate Plus 75 Bps: Interest Checking
ICNDRRCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.82
Year-over-Year Change
-1.20%
Date Range
4/1/2021 - 7/1/2025
Summary
The National Rate Plus 75 Bps: Interest Checking (ICNDRRCA) represents the average interest rate for interest-bearing checking accounts across U.S. financial institutions, adjusted with a 75 basis point premium. This metric provides insights into banking sector pricing and consumer deposit returns.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the average interest rate for checking accounts with a standardized 75 basis point markup, reflecting current market conditions and banking competitive strategies. Economists use this rate to understand consumer banking trends and potential shifts in monetary policy.
Methodology
The rate is calculated by aggregating interest checking account rates from a representative sample of U.S. financial institutions and applying a consistent 75 basis point adjustment.
Historical Context
This trend is utilized by policymakers, financial analysts, and investors to assess banking sector health, consumer savings potential, and broader monetary environment dynamics.
Key Facts
- Represents standardized interest checking account rates across U.S. financial institutions
- Includes a consistent 75 basis point markup for comparative analysis
- Provides insights into current banking sector pricing strategies
FAQs
Q: What does the 75 basis point markup represent?
A: The 75 basis point markup provides a consistent adjustment to normalize interest checking rates across different financial institutions for more accurate comparative analysis.
Q: How frequently is this rate updated?
A: The National Rate is typically updated periodically by the Federal Reserve to reflect current market conditions and banking trends.
Q: Why is this rate important for consumers?
A: This rate helps consumers understand potential returns on interest checking accounts and compare offerings across different financial institutions.
Q: How do economic conditions impact this rate?
A: Broader economic factors like Federal Reserve monetary policy, inflation, and market liquidity directly influence the national interest checking rate.
Q: What are the limitations of this data?
A: The rate represents an average and may not reflect specific rates offered by individual banks or for particular account types.
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Citation
U.S. Federal Reserve, National Rate Plus 75 Bps: Interest Checking [ICNDRRCA], retrieved from FRED.
Last Checked: 8/1/2025