Deposit Rates Show No Verified Repricing in Today's Narrow Refresh; Treasuries Edge Higher

Executive summary. The 5 AM collection added 44 first-party observations across three existing institutions, with no new institutions; coverage remains 168. Strict comparable product checks found 0 increases, 13 unchanged and 0 cuts. The sample is narrow and cannot establish the direction of the national deposit market. Treasury yields rose on November 2, while the latest weekly mortgage average fell.

1. Rate Environment

Deposit-rate direction is inconclusive nationally: 0 increases, 13 unchanged, and 0 cuts among 13 verified exact-product comparisons in today's partial refresh. Borrowing benchmarks are mixed across measurement windows: the latest weekly mortgage average declined, but two- and five-year Treasury yields increased compared with October 30. New observations are not automatically rate changes.

2. Today's Numbers

3. Biggest Moves

The exact-product audit identified 0 increases, 0 cuts and 13 unchanged comparisons. The source collection itself reports zero verified changes. The seven-day exact-product check identified 13 matched products; no broad seven-day repricing conclusion is warranted. The largest verified increase or cut is therefore not reported, rather than inferred from new rate listings.

4. Where Savers Are Winning

Savings: 22nd State Bank (Always.bank) — Always High-Yield Savings: 4.10% APY. Money market: CFG Bank — CFG High Yield Money Market In Branch: 4.05% APY. 12-month certificates: Apple Federal Credit Union — 12-Month Starter Certificate: 5.00% APY. Highest observed certificate: Apple Federal Credit Union — 12-Month Starter Certificate: 5.00% APY. A 5.00% Apple Federal Credit Union Starter Certificate is limited to a small qualifying balance, while 4.87% Advancial five-year jumbo certificates require $50,000. Compare minimums, membership eligibility, balance caps and early withdrawal penalties, not just APY.

5. Borrower Watch

Freddie Mac's 30-year fixed mortgage average was 7.24% on October 29, eight basis points lower week over week; the 15-year average was 6.60%, also eight basis points lower. The 30-year mortgage minus ten-year Treasury spread is approximately 233 basis points using the November 2 Treasury yield, a mixed-date indicative comparison rather than a contemporaneous market spread. Prime is 7.00% on the last corroborated observation; variable-rate loan pricing depends on contractual indexes and lender margins.

6. Yield Curve / CD Strategy

The November 2 Treasury curve yielded 4.38% at one year, 4.59% at two years, 4.70% at five years and 4.91% at ten years. Fresh observed 12-month CDs can exceed the one-year Treasury; the highest five-year jumbo CD at 4.87% exceeds the five-year Treasury by 17 basis points, before considering liquidity, insurance eligibility and tax differences. Liquid savings provide flexibility, while certificates generally lock the APY subject to account terms and early-withdrawal rules. These are comparisons, not individualized investment recommendations.

7. Bank Behavior

Today's new observations came from Marcus by Goldman Sachs (13), Bank5 Connect (7), and Advancial Federal Credit Union (24): 20 online-bank observations and 24 credit-union observations, with no new large traditional-bank captures. These are collection counts, not changes in rates. No reliable conclusion about which institution group repriced fastest is possible. The Online-vs-National Bank Premium remains withheld until a sufficiently balanced, comparable fresh panel is available.

8. OnlineBankRates Takeaway

The most important message for savers today is that a newly collected rate is not necessarily a newly increased rate. OnlineBankRates added 44 official-source observations, but the refresh covered only three institutions and did not identify a verified increase or decrease. Competitive savings accounts and certificates still offer opportunities well above the rates paid by many ordinary transaction accounts, although the strongest advertised yields may have membership rules, minimum deposits, balance limits or other conditions. For borrowers, the latest weekly mortgage survey shows some relief, even as Treasury yields moved modestly higher in the latest trading session. The right comparison is not simply the highest advertised APY: it is the rate available for the balance, term and access requirements that actually apply. Today's narrow collection is useful for tracking specific products, not for declaring a nationwide trend.

9. Data Coverage

10. Proprietary Metrics and Methodology

Savings Index v2.2: arithmetic mean of one eligible fresh consumer savings APY per institution, excluding business and retirement accounts; today's continuing prior-publication cohort contains 11 institutions and is not a fixed-panel national average. CD Index v2.2: equivalent one-institution-one-product mean for fresh 12-month CDs; today's continuing cohort contains 11. Both should be interpreted cautiously when coverage changes. Bank Rate Breadth: count and share of increases, cuts and unchanged exact-product observations matched on institution, product, term, balance and relationship requirements, with dated first-party evidence. Today's breadth: 0 / 0 / 13 (up/down/unchanged). Best Cash Yield: highest eligible fresh, consumer liquid savings APY excluding education/retirement products; 4.10% in today's panel. Fed Pass-Through Score: cumulative matched bank deposit APY change divided by the cumulative federal-funds target midpoint change over the same window; withheld pending adequate longitudinal coverage. Online-vs-National Bank Premium: difference in mean comparable savings APYs of online banks and large national banks, in basis points; withheld pending representative matched cohorts. Historical published index values are retained unchanged; today's continuing-cohort readings should not be treated as directly comparable with yesterday's broader sample.

Sources and limitations. First-party OnlineBankRates 5 AM November 3 dataset (partial refresh). U.S. Treasury daily par yields, November 2: https://home.treasury.gov/ ; Freddie Mac PMMS, October 29: https://www.freddiemac.com/pmms . Overnight and prime rates are carried forward from the most recently corroborated prior publication and require a new official check before live publication. The run summary did not distinguish failed scrapes from uncaptured registered URLs. Rates can change; consumers should confirm terms with each institution.