I am 22 years old, about to start work on a PhD. I currently have ~$25k in my 3 accounts (savings, money market, and checking) at the same bank, a local credit union. My checking and savings accounts are currently at 0.00% interest, while my money market is at 0.05%. I'd had a 6-month CD that I'd been renewing for the past several years, but I finally stopped renewing after the interest rate on the CD fell to 0.05%.

1) Are these rates abnormally low?

2) Do the interest rates fluctuate quite a bit (i.e. might a bank offering low interest rates one year have high interest rates the next year, or are certain banks consistently at the top/bottom?)

3) Should I consider switching banks?

I'm using this credit union since my dad's used it for 30-some-odd years, and I've had an account there for as long as I can remember.
I'm getting an assistantship to attend grad school, but it pays less than $2000/month, and it stings to see my interest be at <$1 per month while inflation is around 2%.
user
Have a good-sized bank account at a credit union with a 0% interest rate, should I
assistant
I am 22 years old, about to start work on a PhD. I currently have ~$25k in my 3 accounts (savings, money market, and checking) at the same bank, a local credit union. My checking and savings accounts are currently at 0.00% interest, while my money market is at 0.05%. I'd had a 6-month CD that I'd been renewing for the past several years, but I finally stopped renewing after the interest rate on the CD fell to 0.05%.

1) Are these rates abnormally low?

2) Do the interest rates fluctuate quite a bit (i.e. might a bank offering low interest rates one year have high interest rates the next year, or are certain banks consistently at the top/bottom?)

3) Should I consider switching banks?

I'm using this credit union since my dad's used it for 30-some-odd years, and I've had an account there for as long as I can remember.
I'm getting an assistantship to attend grad school, but it pays less than $2000/month, and it stings to see my interest be at <$1 per month while inflation is around 2%.
user
I have a low-interest checking at my home bank, and a low-interest savings account at my
assistant