National Rate Cap: 24 Month CD <100M
NRC24MCD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.21
Year-over-Year Change
-21.98%
Date Range
4/1/2021 - 7/1/2025
Summary
The National Rate Cap for 24-Month CDs under $100 million represents the maximum interest rate offered by banks for this specific deposit product. This metric provides insight into current banking deposit rates and overall 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 ceiling rate for certificates of deposit with a 24-month term and balance under $100 million across U.S. financial institutions. Economists and financial analysts use this rate to understand banking sector pricing and potential investment returns.
Methodology
The rate is calculated by the Federal Reserve based on reported rates from a representative sample of U.S. banks and financial institutions.
Historical Context
This rate is crucial for understanding short-term investment opportunities, banking sector health, and potential monetary policy implications.
Key Facts
- Represents maximum interest rates for specific CD terms
- Provides insight into banking sector pricing
- Useful for comparing investment opportunities across financial institutions
FAQs
Q: What does NRC24MCD represent?
A: It represents the National Rate Cap for 24-month Certificates of Deposit with balances under $100 million, tracking maximum interest rates offered by banks.
Q: How often is this rate updated?
A: The rate is typically updated weekly by the Federal Reserve to reflect current market conditions and banking sector trends.
Q: Why is this rate important for investors?
A: It provides a benchmark for comparing CD rates across different financial institutions and helps investors understand potential returns on short-term investments.
Q: How do economic conditions affect this rate?
A: Monetary policy, inflation, and overall economic health can significantly influence the National Rate Cap for CDs.
Q: Are there limitations to using this rate?
A: The rate represents a national average and may not reflect specific local bank offerings or individual financial institution rates.
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Citation
U.S. Federal Reserve, National Rate Cap: 24 Month CD <100M [NRC24MCD], retrieved from FRED.
Last Checked: 8/1/2025