National Rate: 3 Month CD <100M
NDR3MCD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.39
Year-over-Year Change
-9.15%
Date Range
4/1/2021 - 7/1/2025
Summary
The National Rate for 3-Month Certificates of Deposit (CDs) under $100 million represents the average interest rate paid by U.S. banks on short-term deposit products. This metric provides insight into current banking liquidity, consumer savings rates, and short-term financial 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 3-month CDs at smaller denominations, reflecting current banking sector pricing strategies and monetary policy influences. Economists and financial analysts use this rate to understand short-term investment returns and broader financial market trends.
Methodology
The rate is calculated by surveying a representative sample of U.S. financial institutions and computing the average interest rate for 3-month CDs with balances under $100 million.
Historical Context
This rate is used by policymakers, investors, and financial planners to assess short-term investment opportunities and gauge overall economic conditions.
Key Facts
- Represents average interest rates for short-term bank deposits
- Reflects current banking liquidity and market conditions
- Useful for comparing short-term investment returns
FAQs
Q: What does the NDR3MCD rate indicate?
A: The rate shows the average interest paid on 3-month CDs under $100 million across U.S. banks. It provides insight into current banking and investment conditions.
Q: How often is this rate updated?
A: The rate is typically updated weekly, reflecting current market conditions and potential shifts in monetary policy.
Q: Why do investors care about this rate?
A: Investors use this rate to compare potential returns on short-term, low-risk investments and understand current financial market trends.
Q: How does this rate relate to Federal Reserve policy?
A: The rate often correlates with Federal Reserve monetary policy, reflecting changes in the federal funds rate and overall economic conditions.
Q: What are the limitations of this rate?
A: The rate represents an average and may not reflect specific bank offerings or individual account terms. Actual rates can vary by institution.
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Related Trends
Citation
U.S. Federal Reserve, National Rate: 3 Month CD <100M [NDR3MCD], retrieved from FRED.
Last Checked: 8/1/2025