National Rate Cap: 12 Month CD <100M
NRC12MCD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.50
Year-over-Year Change
-21.45%
Date Range
4/1/2021 - 7/1/2025
Summary
The National Rate Cap for 12-Month CDs under $100 million represents the maximum interest rate offered by financial institutions for short-term deposit accounts. This metric provides critical insight into banking sector liquidity and consumer savings opportunities.
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 ceiling rate for certificates of deposit across U.S. financial institutions, reflecting current monetary policy and market lending conditions. Economists use this data to understand banking sector pricing strategies and potential shifts in interest rate environments.
Methodology
The rate is calculated by aggregating and analyzing CD rates from a representative sample of U.S. banks and financial institutions.
Historical Context
Policymakers and financial analysts use this trend to assess banking sector health, consumer savings potential, and broader monetary policy implications.
Key Facts
- Represents maximum interest rates for short-term bank deposits
- Covers certificates of deposit under $100 million
- Updated periodically to reflect current market conditions
FAQs
Q: What does the NRC12MCD indicate?
A: It shows the maximum interest rate for 12-month certificates of deposit under $100 million across U.S. financial institutions.
Q: How often is this rate updated?
A: The rate is typically updated weekly or monthly to reflect current market conditions and monetary policy.
Q: Why is this rate important for consumers?
A: It helps consumers understand potential returns on short-term savings and compare rates across different financial institutions.
Q: How do economic conditions affect this rate?
A: Interest rates are influenced by Federal Reserve monetary policy, inflation expectations, and overall economic performance.
Q: What are the limitations of this data?
A: The rate represents a national average and may not reflect specific local or individual bank offerings.
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Citation
U.S. Federal Reserve, National Rate Cap: 12 Month CD <100M [NRC12MCD], retrieved from FRED.
Last Checked: 8/1/2025