Treasury Yield: Interest Checking
ICTY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.33
Year-over-Year Change
-18.76%
Date Range
4/1/2021 - 7/1/2025
Summary
Treasury Yield: Interest Checking (ICTY) tracks the interest rates on checking accounts offered by financial institutions. This metric provides insight into banking sector liquidity and consumer savings opportunities.
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
The ICTY represents the average interest rates paid on deposit accounts, reflecting current monetary policy and bank competitive strategies. Economists use this indicator to understand consumer banking trends and potential shifts in financial market dynamics.
Methodology
Data is collected through surveys of financial institutions, aggregating reported interest rates across different types of checking accounts.
Historical Context
This trend is used by policymakers and financial analysts to assess banking sector health and consumer financial behavior.
Key Facts
- Reflects current interest rate environment for consumer checking accounts
- Influenced by Federal Reserve monetary policy
- Varies across different types of financial institutions
FAQs
Q: How often do checking account interest rates change?
A: Interest rates can change frequently, typically in response to Federal Reserve policy adjustments and market conditions.
Q: What factors influence checking account interest rates?
A: Key factors include federal funds rate, bank competition, economic conditions, and individual bank strategies.
Q: How is the ICTY calculated?
A: The ICTY is calculated by averaging reported interest rates from a sample of financial institutions across the United States.
Q: Why do checking account rates matter to consumers?
A: These rates directly impact the potential earnings on deposited funds and reflect broader economic conditions.
Q: How frequently is the ICTY data updated?
A: Typically, the data is updated weekly or monthly, depending on the specific reporting mechanism.
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Related Trends
Citation
U.S. Federal Reserve, Treasury Yield: Interest Checking [ICTY], retrieved from FRED.
Last Checked: 8/1/2025