National Rate Cap: Savings
SNRC • 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 National Rate Cap: Savings (SNRC) tracks the maximum interest rates that financial institutions can legally offer on savings accounts. This metric provides critical insight into banking regulations 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 SNRC represents a regulatory benchmark that limits the maximum interest rates banks can provide on savings products to prevent excessive competition and maintain financial system stability. Economists and financial regulators use this indicator to understand monetary policy constraints and banking market dynamics.
Methodology
The rate is calculated by federal banking regulators based on prevailing market conditions, economic indicators, and monetary policy considerations.
Historical Context
This metric is used in macroeconomic analysis to assess banking sector health, consumer savings incentives, and potential monetary policy interventions.
Key Facts
- Provides a standardized ceiling for savings account interest rates
- Helps prevent predatory or unsustainable banking practices
- Reflects broader economic and monetary policy considerations
FAQs
Q: How often is the National Rate Cap updated?
A: The rate cap is typically reviewed and adjusted periodically based on economic conditions and monetary policy changes.
Q: Who determines the National Rate Cap?
A: Federal banking regulators, including the Federal Reserve, establish and modify the rate cap through comprehensive economic analysis.
Q: How does the SNRC impact consumers?
A: The rate cap influences the maximum interest rates consumers can earn on savings accounts, affecting personal financial planning strategies.
Q: What is the purpose of a national savings rate cap?
A: The cap helps maintain financial system stability by preventing excessive interest rate competition and potential banking sector risks.
Q: Are there limitations to the SNRC data?
A: The metric provides a general guideline and may not reflect specific bank offerings or regional variations in savings rates.
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Citation
U.S. Federal Reserve, National Rate Cap: Savings [SNRC], retrieved from FRED.
Last Checked: 8/1/2025