The cost of interest-bearing deposits in the U.S. is forecast to remain elevated between 2024 and 2026, though showing a gradual downward trend during this period. Deposit costs historically hovered below one percent throughout most of 2015-2021, before surging to approximately 2.5 percent in 2023 amid aggressive Federal Reserve rate hikes. While projected central bank interest rate cuts should help ease deposit costs, the decline is expected to be measured, reaching about 1.7 percent by 2026 - still notably higher than pre-2022 levels.
Aggregate cost of interest-bearing bank deposits in the United States from 2015 to 2023, with a forecast until 2026
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Deloitte. (October 12, 2024). Aggregate cost of interest-bearing bank deposits in the United States from 2015 to 2023, with a forecast until 2026 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1500543/us-bank-deposits-cost-forecast/
Deloitte. "Aggregate cost of interest-bearing bank deposits in the United States from 2015 to 2023, with a forecast until 2026." Chart. October 12, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1500543/us-bank-deposits-cost-forecast/
Deloitte. (2024). Aggregate cost of interest-bearing bank deposits in the United States from 2015 to 2023, with a forecast until 2026. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1500543/us-bank-deposits-cost-forecast/
Deloitte. "Aggregate Cost of Interest-bearing Bank Deposits in The United States from 2015 to 2023, with a Forecast until 2026." Statista, Statista Inc., 12 Oct 2024, https://www.statista.com/statistics/1500543/us-bank-deposits-cost-forecast/
Deloitte, Aggregate cost of interest-bearing bank deposits in the United States from 2015 to 2023, with a forecast until 2026 Statista, https://www.statista.com/statistics/1500543/us-bank-deposits-cost-forecast/ (last visited November 23, 2024)
Aggregate cost of interest-bearing bank deposits in the United States from 2015 to 2023, with a forecast until 2026 [Graph], Deloitte, October 12, 2024. [Online]. Available: https://www.statista.com/statistics/1500543/us-bank-deposits-cost-forecast/
