Market Pulse, cross-article: FDIC savings-rate citation (three articles) (2026-08-01)

Location: Market Pulse, cross-article: FDIC savings-rate citation (three articles)

What was wrong: Four claims across three live Market Pulse articles cited a high-yield savings rate of about 4.20% (one gave 4.0% to 4.5%) to the FDIC.

What it now says: The cpi-falls article now cites the FDIC national savings average of 0.38% and states that the FDIC publishes no high-yield figure. The remaining claims on gold-silver-fed-rate-expectations-july-2026 and savings-apy-mortgage-rate-gap-may-2026 are staged for resolution against a named-bank source and are unchanged pending that pass; no rate on those articles was altered.

Why it was wrong and how it was caught: 2026-08-01. Cross-article FDIC savings-rate mis-citation. Four claims across three live Market Pulse articles (cpi-falls-first-time-2020-energy-july-2026; gold-silver-fed-rate-expectations-july-2026, two claims; savings-apy-mortgage-rate-gap-may-2026) cite a high-yield savings rate of about 4.20% (one cites 4.0% to 4.5%) attributed to the FDIC. The FDIC does not publish a high-yield savings rate. Its national savings average is 0.38%, and the 4.38% figure the cited rate sits near is the 12 CFR 337.6 national rate cap, a regulatory ceiling on undercapitalized institutions, not a market rate. On gold-silver-fed-rate-expectations-july-2026 the mis-sourced rate also fed a Real Cost compounding example ($10,420 at one year, roughly $12,290 at five). Correction posture applied to all four: high-yield rates are either cited to a named bank with an as-of date, or dropped in favor of the sourced 0.38% national average; the FDIC rate cap is never used as a market rate. Related: glossary high-yield-reward-checking and lesson checking-vs-savings carried the pre-correction FDIC deposit-insurance URL and are corrected in the same pass. Figures resolved by Joseph; no rate replaced from memory or from an aggregator.

Primary source: FDIC, National Rates and Rate Caps (Savings national deposit rate 0.38%, national rate cap 4.38% under 12 CFR 337.6) (https://www.fdic.gov/national-rates-and-rate-caps)