National Rate: Savings
SNDR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.38
Year-over-Year Change
-15.56%
Date Range
4/1/2021 - 7/1/2025
Summary
The National Rate: Savings (SNDR) tracks the average interest rates offered by U.S. financial institutions on savings accounts nationwide. This metric provides critical insight into consumer savings behavior and the overall health of personal financial markets.
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
Economists use this rate to understand banking sector liquidity, consumer financial strategies, and monetary policy effectiveness. The SNDR reflects broader economic conditions, including Federal Reserve monetary policy and market interest rate trends.
Methodology
Data is collected through comprehensive surveys of financial institutions, aggregating savings account rates across different bank types and regions.
Historical Context
Policymakers and financial analysts use this trend to assess consumer saving incentives, banking sector competitiveness, and potential economic stimulus strategies.
Key Facts
- Represents average nationwide savings account interest rates
- Influenced by Federal Reserve monetary policy
- Provides insight into consumer financial behavior
FAQs
Q: How often is the SNDR updated?
A: The National Rate: Savings is typically updated weekly by the Federal Reserve. Precise timing can vary based on market conditions.
Q: What impacts the SNDR?
A: Federal Reserve interest rate policies, inflation, economic growth, and overall banking sector competition directly influence the savings rate.
Q: How do consumers use this information?
A: Consumers can compare this national average with local bank rates to make informed decisions about where to deposit savings and maximize returns.
Q: Why is the SNDR important for economists?
A: The rate serves as a key indicator of consumer financial health, banking sector liquidity, and potential economic trends.
Q: Are there limitations to the SNDR?
A: The rate represents an average and may not reflect specific local market conditions or individual bank offerings precisely.
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Similar SNDR Trends
Citation
U.S. Federal Reserve, National Rate: Savings [SNDR], retrieved from FRED.
Last Checked: 8/1/2025