United States · Banking · FDIC national deposit rates
CD rates by year.
The FDIC national average rate for 6-, 12-, 24-, 36- and 60-month certificates of deposit, savings and money market accounts for every year from 2009 to 2026, computed from each FDIC posting, with a year lookup and an interest calculator.
Short answer: The FDIC national rate for a 12-month CD averaged 1.63% across the 2026 postings so far and stood at 1.76% on October 19, 2026. The yearly average peaked at 1.84% in 2024, after sitting at 0.14% in 2021 and at 0.20% or 0.21% from 2013 to 2015. The series starts on May 18, 2009; the 2009 average was 1.08%.
Look up a year and work out the interest
Result
Press Calculate to see the year's average rate, the year-end rate and the interest on your deposit.
Average FDIC national deposit rates by year
Each cell is the simple average of the national rates the FDIC posted during that calendar year for deposits under $100,000. The last column shows how many postings the average rests on: weekly postings through March 2021 and monthly postings from April 2021. The year-end column is the last 12-month CD posting of the year.
| Year | Savings | Money market | 6-month CD | 12-month CD | 24-month CD | 36-month CD | 60-month CD | 12-month CD, last posting | Postings |
|---|---|---|---|---|---|---|---|---|---|
| 2009 | 0.21% | 0.40% | 0.78% | 1.08% | 1.49% | 1.75% | 2.21% | 0.91% | 33 |
| 2010 | 0.19% | 0.29% | 0.47% | 0.71% | 1.11% | 1.42% | 1.92% | 0.52% | 52 |
| 2011 | 0.14% | 0.20% | 0.28% | 0.43% | 0.68% | 0.95% | 1.49% | 0.33% | 52 |
| 2012 | 0.09% | 0.13% | 0.18% | 0.28% | 0.46% | 0.63% | 1.03% | 0.23% | 53 |
| 2013 | 0.06% | 0.10% | 0.13% | 0.21% | 0.34% | 0.47% | 0.76% | 0.20% | 52 |
| 2014 | 0.06% | 0.08% | 0.12% | 0.20% | 0.33% | 0.46% | 0.76% | 0.20% | 52 |
| 2015 | 0.06% | 0.08% | 0.12% | 0.20% | 0.34% | 0.47% | 0.79% | 0.21% | 52 |
| 2016 | 0.06% | 0.08% | 0.13% | 0.22% | 0.36% | 0.49% | 0.78% | 0.22% | 52 |
| 2017 | 0.06% | 0.08% | 0.15% | 0.26% | 0.40% | 0.53% | 0.83% | 0.29% | 51 |
| 2018 | 0.08% | 0.12% | 0.24% | 0.41% | 0.59% | 0.74% | 1.05% | 0.61% | 53 |
| 2019 | 0.09% | 0.18% | 0.38% | 0.59% | 0.76% | 0.89% | 1.14% | 0.48% | 52 |
| 2020 | 0.06% | 0.10% | 0.19% | 0.28% | 0.36% | 0.43% | 0.55% | 0.16% | 52 |
| 2021 | 0.06% | 0.08% | 0.09% | 0.14% | 0.17% | 0.20% | 0.27% | 0.13% | 10 |
| 2022 | 0.13% | 0.15% | 0.26% | 0.42% | 0.47% | 0.49% | 0.57% | 1.07% | 12 |
| 2023 | 0.41% | 0.59% | 1.21% | 1.64% | 1.44% | 1.34% | 1.36% | 1.86% | 12 |
| 2024 | 0.45% | 0.65% | 1.69% | 1.84% | 1.54% | 1.40% | 1.39% | 1.83% | 12 |
| 2025 | 0.40% | 0.60% | 1.57% | 1.71% | 1.46% | 1.34% | 1.33% | 1.63% | 12 |
| 2026 | 0.38% | 0.60% | 1.43% | 1.63% | 1.51% | 1.34% | 1.36% | 1.76% | 10 |
2009 starts with the first FDIC posting on May 18, 2009. 2021 uses the ten postings from April 1 to December 20, 2021 under the revised rule; the thirteen January to March 2021 postings under the prior rule averaged 0.15% for a 12-month CD, 0.10% for a 6-month CD and 0.31% for a 60-month CD. 2026 runs through the October 19, 2026 posting. Figures read from the FDIC archives on November 11, 2026.
The latest posting: October 19, 2026
| Product | National rate | National rate cap |
|---|---|---|
| Savings | 0.38% | 4.63% |
| Interest checking | 0.07% | 4.63% |
| Money market | 0.63% | 4.63% |
| 1-month CD | 0.23% | 5.57% |
| 3-month CD | 1.14% | 5.79% |
| 6-month CD | 1.39% | 5.95% |
| 12-month CD | 1.76% | 6.20% |
| 24-month CD | 1.55% | 6.61% |
| 36-month CD | 1.39% | 6.75% |
| 48-month CD | 1.31% | 6.75% |
| 60-month CD | 1.41% | 6.86% |
The FDIC defines the national rate as the average of rates paid by all insured depository institutions and credit unions for which data are available, with each institution's rate weighted by its share of domestic deposits. The national rate cap is the higher of the national rate plus 75 basis points or 120% of the comparable Treasury yield plus 75 basis points, and it limits what a bank that is less than well capitalized may offer. The 48-month cap uses the 36-month Treasury yield because Treasury publishes no 48-month rate.
What the series shows
Three phases stand out. From 2009 to 2015 every product slid toward zero as the Federal Reserve held its policy rate near the floor: the 12-month average fell from 1.08% to 0.20%, and the 60-month average from 2.21% to 0.79%. A modest recovery in 2018 and 2019 lifted the 12-month average to 0.59% before 2020 and 2021 pushed it back to 0.14%. The third phase began in 2022: the 12-month figure went from 0.13% in January 2022 to 1.07% by December, averaged 1.64% in 2023 and 1.84% in 2024, and has eased to 1.71% in 2025 and 1.63% so far in 2026, even though the single October 2026 posting of 1.76% is the highest of the year.
A second pattern is the shape of the curve. In 2009 the 60-month CD paid twice the 12-month rate (2.21% against 1.08%). From 2023 onward the order flipped: the 12-month average has been the highest CD rate in the table and the 36- and 60-month averages have trailed it by 0.27 to 0.45 points. The averages also understate what a shopper can find, because they are weighted by deposits and the largest banks pay the least; the national rate cap column gives a sense of how far above the average a rate can go before the FDIC treats it as unusual for a weak bank.
Worked example
A saver who put $10,000 into a 12-month CD at the 2024 average national rate of 1.84% earned $184 of interest before tax. The same deposit at the 2021 average of 0.14% earned $14, so the 2024 return was 13.1 times the 2021 return. Taking the 60-month product instead, the 2009 average of 2.21% produced $221 a year, while the 2024 average of 1.39% produced $139, which is why a long CD opened in 2009 beat anything opened in 2024 even though 2024 was the best year for short CDs. The calculator above repeats this for any year, product and deposit, and shows the change from a comparison year in percentage points.
Method
The FDIC posts national rates on its National Rates and Rate Caps page and keeps every past posting in two Excel archives linked from its Previous Rates page: one for the prior rule (weekly postings, May 18, 2009 to March 31, 2021) and one for the revised rule (monthly postings from April 1, 2021). Each posting was read for the non-jumbo (under $100,000) savings, money market and 6-, 12-, 24-, 36- and 60-month CD lines. For each calendar year the postings were averaged and the last posting kept. Two header typos in the archive (a week labelled 2026 in the 2019 sheet and a week missing its year in the 2017 sheet) were assigned to the sheet's year. The lookup returns the stored averages; the interest figure multiplies the deposit by the rate once, with no compounding, and the comparison subtracts one year's average from the other.
What this does not cover
- Years before May 2009: the FDIC did not publish a national deposit rate before then.
- Jumbo deposits of $100,000 or more, which the FDIC lists separately.
- Advertised rates at individual banks, brokered CDs, early withdrawal penalties and compounding within the term.
- Rate caps for well capitalized banks, which are not limited by the cap.
Figures read from the sources below on November 11, 2026. Last updated November 11, 2026.
Sources
- FDIC: National Rates and Rate Caps (rates as of October 19, 2026, methodology) (retrieved November 11, 2026)
- FDIC: Previous Rates (monthly pages and the two historical Excel archives) (retrieved November 11, 2026)
- FDIC: Historical Rates, Prior Rule, Excel (weekly postings May 18, 2009 to March 31, 2021) (retrieved November 11, 2026)
- FDIC: Historical Rates, Revised Rule, Excel (monthly postings from April 1, 2021) (retrieved November 11, 2026)
Common mix-ups
-
Often assumedThe FDIC national CD rate is the best rate available at insured banks.
What the source saysThe FDIC defines the national rate as an average of rates paid by all insured depository institutions and credit unions, weighted by each institution's share of domestic deposits, so advertised top rates sit above it. On October 19, 2026 the 12-month national rate was 1.76%. [1]
-
Often assumedThe national rate cap is a rate that savers can earn.
What the source saysThe cap is a ceiling for banks that are less than well capitalized: the higher of the national rate plus 75 basis points or 120% of the comparable Treasury yield plus 75 basis points. The October 19, 2026 cap for a 12-month CD is 6.20%, against a national rate of 1.76%. [1]
-
Often assumedThe FDIC has always computed its national rate the same way.
What the source saysThe FDIC page says data from May 2009 through March 31, 2021 use an earlier calculation method; the deposit-weighted method applies from April 1, 2021. [1]
Checked against these sources on .
Frequently asked questions
What is the average CD rate right now?
The FDIC national rate posted for October 19, 2026 is 1.76% for a 12-month CD, 1.39% for a 6-month CD, 1.55% for a 24-month CD and 1.41% for a 60-month CD, all for deposits under $100,000. Savings accounts average 0.38%.
Which year had the highest average 12-month CD rate in this series?
2024, at 1.84% averaged across the 12 monthly FDIC postings. The lowest was 2021 at 0.14%. The FDIC series begins in May 2009, so the higher rates of 2000 or 2007 are not in it.
Why are the FDIC national rates lower than the CD rates banks advertise?
The national rate is an average of the rates paid by all insured banks and credit unions, weighted by each institution's share of domestic deposits since April 2021. Large banks that pay little on CDs pull the average down, so the best advertised rates sit well above it.
Did the FDIC change how it computes the national rate?
Yes. From May 18, 2009 to March 31, 2021 the national rate was a simple average of rates offered by banks and branches, posted weekly. From April 1, 2021 it is a deposit-weighted average posted monthly. The 2021 row on this page uses only the April to December postings.
How much interest did a $10,000 12-month CD earn at the 2024 average rate?
$184 before tax: $10,000 times 1.84%. At the 2021 average of 0.14% the same deposit earned $14, so the 2024 figure is about 13 times the 2021 figure.
Why were 60-month CDs paying less than 12-month CDs in 2023 to 2026?
The averages show an inverted pattern: in 2024 the 12-month average was 1.84% and the 60-month average 1.39%. The FDIC does not explain the gap on its rate page; it publishes the averages as reported by institutions.
What is the national rate cap next to each national rate?
It is the most a less than well capitalized bank may pay, defined by the FDIC as the higher of the national rate plus 75 basis points or 120% of the comparable Treasury yield plus 75 basis points. For a 12-month CD the cap posted on October 19, 2026 is 6.20%. It is a ceiling for troubled banks, not a rate anyone is paid.
Are the yearly figures on this page published by the FDIC?
No. The FDIC publishes each weekly or monthly posting. The yearly average and the last posting of each year are computed here from those postings and are labelled derived.
Not financial advice
This page is general information from an unofficial guide, not financial advice. Rates come from the FDIC on the date shown and are averages, not offers. Check the rate, term and penalties of any account with the bank before you deposit. Nothing you type is sent anywhere. It runs in your browser.