Treasury Yield: Rate Cap Adjusted: Interest Checking
ICTYRCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.08
Year-over-Year Change
-16.45%
Date Range
4/1/2021 - 7/1/2025
Summary
The Treasury Yield: Rate Cap Adjusted: Interest Checking (ICTYRCA) tracks the adjusted interest rates for checking accounts in the United States. This metric provides insights into the banking sector's interest rate dynamics and potential consumer banking trends.
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 represents the rate-capped yield for interest-bearing checking accounts, reflecting the maximum interest rates banks can offer. Economists use this data to understand banking compensation strategies and consumer financial product pricing.
Methodology
The data is collected and calculated by the Federal Reserve through comprehensive banking survey and reporting mechanisms.
Historical Context
This trend is used in monetary policy analysis, banking sector performance evaluation, and understanding consumer financial market conditions.
Key Facts
- Represents rate-capped yields for interest-bearing checking accounts
- Provides insights into banking sector interest rate strategies
- Part of broader Federal Reserve economic monitoring
FAQs
Q: What does ICTYRCA measure?
A: ICTYRCA measures the adjusted interest rates for checking accounts with rate caps in the United States banking system.
Q: How often is this data updated?
A: The data is typically updated periodically by the Federal Reserve, with frequency depending on market conditions and reporting cycles.
Q: Why are rate caps important?
A: Rate caps help regulate banking practices and protect consumers from potentially predatory or extreme interest rate practices.
Q: How do economists use this data?
A: Economists analyze this trend to understand banking sector health, consumer financial behaviors, and potential monetary policy implications.
Q: What limitations exist in this data?
A: The data represents aggregated information and may not capture individual bank variations or specific regional banking differences.
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Related Trends
Citation
U.S. Federal Reserve, Treasury Yield: Rate Cap Adjusted: Interest Checking [ICTYRCA], retrieved from FRED.
Last Checked: 8/1/2025