NOT SINCE THE SUMMER OF 1961

Uncle Alan Greenspan reduced interest rates all the way down to 1% on June 25, 2003. The last time rates were that low was in the summer of 1961:

06/28/1961, 1.18
07/05/1961, 1.04
07/12/1961, 1.36
07/19/1961, 1.180
7/26/1961, 0.86
08/02/1961, 1.64
08/09/1961, 2.25