Treasury & Fed benchmark yields
These benchmarks set the ceiling for what banks pay on deposits. When the Fed Funds rate rises, savings and CD yields tend to follow. Treasuries are also exempt from state and local tax — useful if you're in a high-tax state.
Fed Funds Rate
3.88%Steady
10-Year Treasury
4.96%-0.05
2-Year Treasury
4.76%Steady
30-Year Mortgage
6.95%+0.19
Live market dataAs of 2026-09-21
Why benchmarks matter
- Fed Funds Rate — the overnight rate the Fed targets. It anchors every other short-term rate, including what banks pay on savings.
- 2-Year Treasury — a market-driven read on where rates are heading. When it drops below the Fed Funds rate, markets expect cuts.
- 10-Year Treasury — the benchmark for mortgages and long-term borrowing.
- 30-Year Mortgage — the average rate buyers pay on a standard 30-year fixed loan.
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Want yield with lower taxes?
Treasury bills often beat bank CDs after state taxes. Read our guide on how they compare.
Treasuries vs. CDs →