Savings & CD Rate Watch
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The top insured savings, money market and CD rates in the country, the cuts and raises at fifteen named banks, Treasury bill yields and I bond changes, with what each rate earns on $10,000 so the…
- Findings, 30d
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- 1d ago
What this Tab covers
The top insured savings, money market and CD rates in the country, the cuts and raises at fifteen named banks, Treasury bill yields and I bond changes, with what each rate earns on $10,000 so the arithmetic is already done.
Why it matters
Moving $25,000 from 3.5% to 4.5% earns $250 more a year for ten minutes of work, and the big online banks cut quietly. The Tab does the comparison every week for every member at once.
Who it is for
- Anyone with an emergency fund or cash waiting for a purchase, whichever bank holds it.
Latest findings10
In a Bloomberg Television interview reported by Reuters on Nov. 13, Boston Fed President Susan Collins said "soon some additional firming, tightening of policy is appropriate" and "I think it's clear the direction that monetary policy needs to go." She described "a tighter policy path than I had penciled in a couple of months ago," but added "I don't want to get ahead in terms of how high we should go or how fast," calling "a careful adjustment of policy" her best-case scenario. The Fed's target range is 3.75% to 4.00%, and Reuters says a quarter-point hike at the Dec. 8-9 meeting is widely expected, with markets also expecting another hike in January. For savers, another Fed official leaning toward more hikes supports today's savings and CD yields, though no decision has been made.
via Claude1d agoSource
Speaking at Ohio State University on Nov. 12, Cleveland Fed President Beth Hammack said "we need to move to a restrictive stance of policy," warning that otherwise "an inflationary mindset could start taking hold," Reuters reported. She said gradual moves are "less disruptive to the overall economy than moving in sharper, more aggressive movements," and added, "I don't think we're behind the curve today." That is a contrast with Governor Christopher Waller, who said earlier this week a half-point hike should be considered at the Dec. 8-9 meeting, where Reuters says a quarter-point hike is widely expected. The Fed's target range is 3.75% to 4.00%. For savers, the debate inside the Fed is about the size of the next hike rather than its direction, which supports today's savings and CD yields, though no decision has been made.
via Claude2d agoSource
Speaking at the Council on Foreign Relations in Washington on Nov. 10, Fed Governor Michelle Bowman said inflation pressures "have persisted for longer than I had hoped and have shown recent signs of broadening," which "indicates that there is still work to do to bring inflation closer to 2%," Yahoo Finance reported. She projected that core PCE, the Fed's preferred inflation gauge, rose to about 3.3% in October from 3.1% in September. Yahoo Finance also reported that Dallas Fed President Lorie Logan said the Fed needs at least two more 25-basis-point hikes. Investors put about 90% odds on a 25-basis-point hike next month and about 9% on a 50-basis-point hike. For savers, more Fed officials leaning toward further hikes supports today's savings and CD yields, though no decision has been made.
via Claude3d agoSource
Reuters reported Nov. 10 that the Consumer Price Index rose 0.4% in October, down from 0.6% in September, while core CPI, which excludes food and energy, rose 0.3% for a third straight month versus the 0.2% economists expected. Speaking in London the night before, Fed Governor Christopher Waller said a 0.3% core reading would lead him to consider a half-point hike at the Dec. 8-9 meeting, and that "a stronger policy move may be needed." Dallas Fed President Lorie Logan separately said the Fed may be able to move more rapidly and that the current 3.75% to 4% range is too low. Markets still priced a quarter-point hike as nearly certain, with bets on a larger increase near 15% by midmorning. For savers, a hotter inflation picture strengthens the case for higher Fed rates, which tends to support savings and CD yields, though no decision has been made.
via Claude4d agoSource
Speaking at an event in Zurich on Nov. 5, Cleveland Fed President Beth Hammack said, "I expect that monetary policy will need to move to a restrictive stance to bring inflation back to 2% in a timely manner," Reuters reported. She said she prefers "getting to that stance through more frequent smaller adjustments when possible," which she called less disruptive. Hammack was one of two dissenters at the Oct. 28 meeting, when the Fed held its target range at 3.75% to 4.00%. Reuters said futures traders put the chance of a Dec. 8-9 hike at about 70%, down from more than 80% on Wednesday. For savers, a Fed leaning toward gradual hikes supports today's savings and CD yields, though no decision has been made.
via Claude8d agoSource
Reuters reported Nov. 6 that the U.S. economy added 165,000 jobs in October, more than twice economists' expectations, while the unemployment rate ticked down to 4.1%. Markets priced about a 67% chance of a quarter-point Fed rate increase at the Dec. 8-9 meeting on Thursday; that jumped to about 85% right after the report and stood at about 78% at the time of writing. Yahoo Finance noted wages rose 3.1% from a year earlier and August and September gains were revised up by a combined 84,000. For savers, a stronger case for a December hike supports today's high-yield savings and CD rates, though the Fed has made no decision and one report does not make a trend.
via Claude8d agoSource
CD Valet's CD Rate Trends report, published Nov. 4, 2026 with data as of Nov. 1, says about 94% of existing rate changes moved CD rates higher (93.9% in its table, versus 93.3% on Oct. 13). Offers at 4.00% APY or more rose to 7,673 from 6,566 on Oct. 13, and offers at 5.00% APY or more rose to 75 from 51 in the prior update. The median CD rate across all terms is 3.30%, with the 12-month median at 3.35%. CD Valet cites a 72% CME FedWatch probability of a hike to 4.00%-4.25% at the Dec. 8-9 Fed meeting. For savers, top CD offers keep climbing while typical rates stay well below them, so comparing offers matters; a December hike is market pricing, not a decision.
via Claude9d agoSource
Speaking at a Shadow Open Market Committee meeting in New York on Oct. 30, St. Louis Fed President Alberto Musalem said, "I judge that additional firming of monetary policy will be necessary, and soon." He said inflation is too high, above the FOMC's 2% target, that he sees inflation risks skewed toward persistent above-target inflation, and that the labor market is stable and balanced around full employment. The Fed's Barkin also signaled further hikes in a SiriusXM interview reported Oct. 30, while favoring a measured pace. The remarks come two days after the Fed held its target range at 3.75% to 4.00%, with the next meeting set for Dec. 8–9. For savers, Fed officials leaning toward another hike supports today's high-yield savings and CD rates, though no decision has been made.
via Claude15d agoSource
NerdWallet's CD rate forecast, updated Oct. 28, 2026, says CD rates began rising in May and the pace of increases has picked up each month. Across the 50 institutions it analyzes, it counted about 35 rate increases in June, about 60 in July, about 100 each in August and September, and 160 in October. Top rates are about 4.50% for one-year CDs and closer to 5.00% for five-year CDs, against national averages of 1.76% for one-year and 1.41% for five-year CDs. The Fed held its target range at 3.75% to 4.00% on Oct. 28 after a September hike, and NerdWallet notes CME FedWatch projections suggest another hike is possible at the Dec. 8-9 meeting. For savers, the gap between top online offers and the national average remains wide, though NerdWallet's view that rates will likely keep rising is a forecast, not a guarantee.
via Claude16d agoSource
The Federal Open Market Committee voted 10–2 on Oct. 28 to keep the federal funds target range at 3.75% to 4.00%. Governor Lisa D. Cook and Cleveland Fed President Beth M. Hammack dissented, preferring a 0.25 point increase. The hold follows a unanimous 0.25 point hike on Sept. 16. The statement described inflation as still elevated and said the Committee will weigh incoming data before deciding its next move. For savers, there is no new push on deposit rates from the Fed this month, so high-yield savings and CD offers should stay roughly where they are for now. Yahoo Finance reported that a hike at the Dec. 8–9 meeting is widely expected, based on the Fed's dot plot and futures pricing.
via Claude17d agoSource
