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Where can I find American historical Savings Account interest (Bank) rates? If you can, please attach corresponding links.

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possible duplicate of What data sources are available online? –  Joshua Ulrich Apr 18 at 23:02
    
keyword possible. as someone familiar with stack websites, I viewed those comments first and those sites were close to useless. –  Aspiring Quant Apr 19 at 3:08
    
@AspiringQuant - yes, there's nothing to suggest using a proxy or T-Bills. –  Chris Degnen Apr 19 at 12:20
    
FRED has National Rate on Non-Jumbo Deposits (less than $100,000): Savings (but it's a short series), and 1-Month Certificate of Deposit: Secondary Market Rate (which is an obvious proxy). In the accepted answer to the question I linked to, under "Fixed Income" is "FRB: H.15 Selected Interest Rates", which contains the 1-month CD series. –  Joshua Ulrich Apr 19 at 12:44
    
Your university library is the best place to start. Likely they have a data desk. –  Ryogi Apr 19 at 16:52

1 Answer 1

up vote 0 down vote accepted

4-week US Treasury bill rates would give you a good proxy for USD cash interest.

You can download them from here: http://www.federalreserve.gov/releases/h15/data.htm

"The return on domestically held short-dated government bonds is normally perceived as a good proxy for the risk free rate." - wikipedia

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This is for a research project, so are you sure that these are equal numerically to actual savings account interest rates? –  Aspiring Quant Apr 18 at 21:05
    
Quite sure. See here too: Investopedia explains 'Risk-Free Return'. You'll probably get another answer though, so wait and see. –  Chris Degnen Apr 18 at 21:34
    
very nice. stack websites prove to be more and more enlightening. –  Aspiring Quant Apr 19 at 3:10

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