deposit rates
Bank account interest
Deposit rates are the interest rates banks pay customers on money held in savings accounts, certificates of deposit, and similar instruments.
When deposit rates rise, savers earn more on their money; when they fall, keeping cash in the bank becomes less attractive.
Central bank policies heavily influence deposit rates: The Fed's rate hikes pushed deposit rates to their highest level in years.
- savings accountsInterest-bearing bank deposits
- rainy day fundMoney saved for emergencies
- nest eggSaved money for later
- inflationSustained price level increase
- cashReady spending funds
monetary policy · economic growth · yield curve · risk aversion · maturity date · lock in · high yield · compounding · money market · fiscal policy · risk management · financial literacy · recession · promotional offers · fine print · central bank · teller · counter
- interest ratesinterest, interest charge, interest income, interest payments, compound interest
deposit ratesloan rates
Cost of borrowed money
mortgage rates · finance charges · borrowing costs · interest charges · APR
deposit, deposits, deposited, depositing, deposition, depositor, depositors, depository, depositories