Bank Rate Monitor Index

Bank Rate Monitor Index

An index of 100 interest rates paid on savings account deposits in the United States. Bank Rate Monitor Inc. compiles and publishes the index each week; it is considered a benchmark for interest rates at different kinds of American banks.
References in periodicals archive ?
The third index number in each figure corresponds to a method of splicing the FR2042 and Bank Rate Monitor index numbers.
Beginning in 1987, the index follows the shape but not the level of the Bank Rate Monitor index.