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Q: Interest Rates on a Business Savings Accounts ( Answered,   0 Comments )
Subject: Interest Rates on a Business Savings Accounts
Category: Business and Money > Small Businesses
Asked by: itty-ga
List Price: $50.00
Posted: 17 Jun 2003 07:44 PDT
Expires: 17 Jul 2003 07:44 PDT
Question ID: 218313
Dear Google-Person-Who-Is-About-To-Save-My-Life:

I need to know, desperately, what the interest rates on a business
savings account was/is from the years of 1965 to the present.  I need
the average (ie 1982's average rate was 1.32%) of each year's rate.

Thank you.
I love you.
God speed.
I have 3 daughters. you can marry one of them.  That's just a joke. 
Ha.  Ha.
This is one of them writing this.  Marry me!!!  (Ha.  Ha.)

Request for Question Clarification by pafalafa-ga on 17 Jun 2003 11:07 PDT

If I might ask, where did you get the 1.32% figure for 1982 (it seems
quite low...interest rates were at a peak in the early 1980's).

The only data I can find that covers the entire period of 1965 to 2002
is for certificates of deposit.  Let me know if that would be an
acceptable answer to your question.

And lovely as I'm sure your daughters are, I'm already
spoken for.


Clarification of Question by itty-ga on 17 Jun 2003 13:47 PDT
Dear Pafa, (that's from Soupy Sales isn't it?)
This is actually me, not my daughter.  She just pulled that l.32% out
of the air as an example, it's not real.  I'm afraid what I need are
the interest, not CD rates, unless there is some equation or way to
figure how they generally relate to eachother.  As to the time frame,
how about from say 1970 to 1995, would that make any difference?
Thanks so much.

Request for Question Clarification by pafalafa-ga on 17 Jun 2003 14:14 PDT

You're the first person, ever, to make the connection between my name
and Soupy Sales.  I feel like I've found a soul-mate.

As for the data, the info on the CD *is* the interest rates...but
obviously, it's interest rates for CDs rather than for savings
accounts.  I'll see if I can find data on precisely what you're
looking for.

Request for Question Clarification by arimathea-ga on 25 Jun 2003 11:04 PDT

I have located data from 1965 to 2002 for Prime Rate, Federal Funds
Rate, Bankers Acceptance, CDs, Commercial Paper, and government
securities, as well as a host of other data, but NOT business savings
accounts.  However, this data is derived from the rates I just
mentioned.  I have multiple sources for the above data and even an
easily web-searchable interface.  If this would be acceptable as an
answer, let me know and I will post the information.  Thanks!


Request for Question Clarification by arimathea-ga on 28 Jun 2003 13:25 PDT

Would the data mentioned be suitable, along with some information on
how banks calculate their business interest rates?
Subject: Re: Interest Rates on a Business Savings Accounts
Answered By: arimathea-ga on 30 Jun 2003 12:13 PDT

I feel pretty confident the information I have here will be suitable
for you, so i'm going to go ahead and post it as an answer -- i'll be
happy to work further with you if you need some more information.

The data I have is summarized from the US Treasury databases.  It's
searchable at, and comes from the H.15 Release -- Federal
Reserve Board of Governors.  This information is available at, if you want the raw data. 
Most banks calculate their business interest rates using the Index
rate published in the WSJ, which is closely tied to the above data,
with a margin that is variable depending on the bank's policies. 
Margins typically seem to be about 3-4 percent, but this can vary

Thanks again for the opportunity to answer this question.  I've taken
the liberty of posting the 1965-2002 primes:

1965  	5.00
1966 	6.00
1967 	6.00
1968 	6.75
1969 	8.50
1970 	6.75
1971 	5.25
1972 	6.00
1973 	9.75
1974 	10.50
1975 	7.25
1976 	6.25
1977 	7.75
1978 	11.75
1979 	15.25
1980 	21.50
1981 	15.75
1982 	11.50
1983 	11.00
1984 	10.75
1985 	9.50
1986 	7.50
1987 	8.75
1988 	10.50
1989 	10.50
1990 	10.00
1991 	6.50
1992 	6.00
1993 	6.00
1994 	8.50
1995 	8.50
1996 	8.25
1997 	8.50
1998 	7.75
1999 	8.50
2000 	9.50
2001 	4.75
2002 	4.75

I hope this provides a good basis of information for you and answers
your question.  If  I can be of any further help, please request a
clarification.  Thanks!

Best regards,

Research strategy: interest rate federal funds historical data on
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