National Rate Cap: 1 Month CD <100M
NRC1MCD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.89
Year-over-Year Change
-19.86%
Date Range
4/1/2021 - 7/1/2025
Summary
The National Rate Cap for 1-Month CDs under $100 Million represents the maximum interest rate paid by financial institutions on short-term certificates of deposit. This metric provides insight into current banking liquidity and short-term investment 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 ceiling rate for certificates of deposit with a one-month term and a balance under $100 million. Economists and financial analysts use this rate to understand prevailing short-term lending and deposit market conditions.
Methodology
The rate is calculated by the Federal Reserve based on aggregated data from financial institutions across the United States.
Historical Context
This rate is crucial for understanding monetary policy implications, bank lending strategies, and short-term investment opportunities.
Key Facts
- Represents maximum interest rates for short-term bank deposits
- Reflects current banking and monetary market conditions
- Provides insight into short-term investment opportunities
FAQs
Q: What does the NRC1MCD rate indicate?
A: It shows the maximum interest rate for 1-month CDs under $100 million across U.S. financial institutions. This rate helps investors and economists understand current short-term lending conditions.
Q: How often is this rate updated?
A: The rate is typically updated weekly by the Federal Reserve, reflecting current market conditions and monetary policy trends.
Q: Why is this rate important for investors?
A: It provides a benchmark for short-term investment returns and helps investors compare potential yields across different financial institutions.
Q: How does this rate relate to broader economic conditions?
A: The rate reflects current monetary policy, inflation expectations, and overall economic health, serving as a key indicator for financial markets.
Q: What limitations exist in interpreting this rate?
A: The rate represents a maximum cap and may not reflect the exact rates offered by individual banks, which can vary based on specific institutional strategies.
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Citation
U.S. Federal Reserve, National Rate Cap: 1 Month CD <100M [NRC1MCD], retrieved from FRED.
Last Checked: 8/1/2025