The Wall Street Journal writes, "Don'​t Get Too Used to Higher Bank Deposit Rates." It says, "The '​good times' for bank depositors may not last much longer. Investors increasingly think the Federal Reserve is on course to cut interest rates at least once this year. That makes it likely banks could start to reverse course on deposit rates, which while still low by historical standards have climbed over the past two years. Growth in payouts to savers has already begun to stall in some deposit categories. The national average rate for a one-​year certificate of deposit, for example, has risen just 0.​09 percentage point, to 1.​01%, this year through May, according to Bankrate.​com. In 2018, that same rate more than doubled. The average rate on a five-​year CD fell by 0.​05 percentage point in May from April, the Bankrate.​com data showed." The Journal adds, "Meanwhile, a recent report from Piper Jaffray, which looked at a range of deposit products from about 120 banks, showed that more products' deposit rates were falling than rising. Those banks lowered the rates they pay on deposits for 87 different products in the first quarter compared with 18 products for the same quarter a year ago, based on data from DepositAccounts.​com. They raised rates on 149 different products in the quarter, compared with 180 a year earlier. The result: An end could be at hand for the somewhat brief period, starting around two years ago, when depositors finally began earning more than desultory interest on their money. Paltry payouts until then were the result of the Fed'​s near-​zero interest-​rate policies, enacted in the wake of the financial crisis."

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