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Rates

Federal Funds Rate

The Federal Reserve's policy rate. Almost every other consumer rate moves with it, some instantly and some with a lag.

3.63%+0.00%Reading dated 2026-08-01 · Federal Reserve data
Week change
0.00 pts
Month change
0.00 pts
Year change
−0.70 pts
12-month range
3.63–4.33%
Where it stands

The federal funds rate has barely moved over the past month, holding near 3.63%.

That is 0.70 percentage points below where it stood a year ago.

Today's reading sits at the bottom of its 12-month range of 3.63% to 4.33%.

What it means in money

At 3.63%, every quarter-point move by the Federal Reserve changes the interest on a $30,000 variable balance by about $75 a year.

Run your own numbersRate cut savings calculatorWhat a 0.25% rate cut actually saves you each month.
Terms on this page
Interest rate
Common questions
What is the federal funds rate today?
The federal funds rate is 3.63%, based on the latest Federal Reserve data.
How often does the federal funds rate change?
We refresh this figure daily from Federal Reserve Economic Data. The underlying series itself updates daily, weekly or monthly depending on the rate.
Is this the rate I will be offered?
No. This is a national average. The rate you are quoted depends on your credit profile, the loan term, your down payment and the individual lender.
Other rates
30-Year Fixed Mortgage Rate6.76%15-Year Fixed Mortgage Rate6.09%National Average Savings Account Rate0.38%Bank Prime Loan Rate6.75%Average Credit Card Interest Rate20.94%10-Year Treasury Yield4.95%

Source: Federal Reserve Economic Data, series FEDFUNDS. National average, not a personalised quote.