National Rate: 24 Month CD <100M
NDR24MCD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.47
Year-over-Year Change
-6.96%
Date Range
4/1/2021 - 7/1/2025
Summary
The National Rate for 24-Month CDs under $100M represents the average interest rate offered by U.S. financial institutions for certificates of deposit with a two-year term and a balance below $100,000. This metric provides insight into short-term savings rates and reflects broader monetary policy and market conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the average interest rate for a specific type of bank deposit product across the United States. Economists and financial analysts use this rate to understand consumer savings trends, bank lending strategies, and the overall interest rate environment.
Methodology
The rate is calculated by surveying a representative sample of U.S. financial institutions and computing the average interest rate for 24-month CDs with balances under $100,000.
Historical Context
This data point is crucial for understanding consumer investment options, bank pricing strategies, and the Federal Reserve's monetary policy impact on short-term savings instruments.
Key Facts
- Represents average interest rates for short-term bank deposits
- Covers CDs with balances under $100,000
- Updated periodically to reflect current market conditions
FAQs
Q: What does NDR24MCD represent?
A: NDR24MCD is the Federal Reserve identifier for the National Rate of 24-month Certificates of Deposit with balances under $100,000.
Q: How often is this rate updated?
A: The rate is typically updated weekly to reflect current market conditions and bank offerings.
Q: Why do economists track this rate?
A: This rate provides insights into consumer savings behavior, bank lending strategies, and the overall interest rate environment.
Q: How does this rate relate to Federal Reserve policy?
A: The CD rate is influenced by the Federal Reserve's monetary policy, particularly changes in the federal funds rate.
Q: Are these rates the same across all banks?
A: No, individual bank rates may vary, but this metric provides an average across U.S. financial institutions.
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Citation
U.S. Federal Reserve, National Rate: 24 Month CD <100M [NDR24MCD], retrieved from FRED.
Last Checked: 8/1/2025