National Rate Plus 75 Bps: Savings
SNDRRCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.13
Year-over-Year Change
-5.83%
Date Range
4/1/2021 - 7/1/2025
Summary
The National Rate Plus 75 Bps: Savings (SNDRRCA) represents a benchmark interest rate metric for savings accounts that adds 75 basis points to the national average savings rate. This indicator helps financial institutions, investors, and consumers understand comparative savings returns above the standard national rate.
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 national savings rate with an additional 75 basis point premium, providing insight into potential higher-yield savings opportunities. Economists use this metric to assess banking competitiveness and consumer savings incentives across different financial institutions.
Methodology
The rate is calculated by the Federal Reserve by surveying and averaging savings account interest rates from multiple financial institutions, then adding 75 basis points to the baseline national rate.
Historical Context
Policymakers and financial analysts use this trend to evaluate savings market dynamics, consumer banking strategies, and potential monetary policy implications.
Key Facts
- Represents a premium savings rate benchmark
- Calculated monthly by the Federal Reserve
- Useful for comparing savings account returns across institutions
FAQs
Q: What does the 75 basis points represent?
A: The 75 basis points represent a 0.75 percentage point premium added to the standard national savings rate, indicating potentially higher-yield savings opportunities.
Q: How often is this rate updated?
A: The National Rate Plus 75 Bps is typically updated monthly by the Federal Reserve to reflect current market conditions and banking trends.
Q: Who uses this rate?
A: Banks, financial advisors, investors, and consumers use this rate to compare and evaluate savings account returns and make informed financial decisions.
Q: How does this rate impact consumers?
A: This rate helps consumers identify savings accounts that offer returns above the national average, potentially maximizing their investment earnings.
Q: What are the limitations of this rate?
A: The rate is a general benchmark and may not reflect specific local market conditions or individual bank offerings, so consumers should conduct comprehensive research.
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Related Trends
Citation
U.S. Federal Reserve, National Rate Plus 75 Bps: Savings [SNDRRCA], retrieved from FRED.
Last Checked: 8/1/2025