National Rate Cap: 48 Month CD <100M
NRC48MCD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.17
Year-over-Year Change
-19.84%
Date Range
4/1/2021 - 7/1/2025
Summary
The National Rate Cap for 48-Month CDs under $100 Million represents the maximum interest rate offered by financial institutions for medium-term certificates of deposit. This metric provides critical insight into banking sector lending 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 across U.S. financial institutions for a specific maturity and deposit size. Economists and financial analysts use this data to understand banking sector pricing strategies and potential shifts in monetary policy.
Methodology
The rate is calculated by the Federal Reserve based on aggregated data from a representative sample of U.S. banks and financial institutions.
Historical Context
This trend is used in macroeconomic analysis to assess banking sector health, interest rate expectations, and potential investment opportunities.
Key Facts
- Represents maximum interest rates for medium-term bank deposits
- Covers certificates of deposit under $100 million
- Updated periodically to reflect current market conditions
FAQs
Q: What does this rate indicate about the banking sector?
A: The rate reflects current lending conditions and banks' willingness to attract deposits. It provides insight into overall financial market liquidity and interest rate trends.
Q: How often is this rate updated?
A: The National Rate Cap is typically updated weekly or monthly by the Federal Reserve to reflect current market conditions.
Q: Why is the $100 million threshold significant?
A: This threshold helps distinguish between different scales of banking operations and provides a standardized measure for medium-sized institutional deposits.
Q: How do investors use this rate?
A: Investors use this rate to compare potential returns on certificates of deposit and assess the relative attractiveness of different banking products.
Q: What limitations exist in this data?
A: The rate represents a national average and may not precisely reflect local or individual bank offerings. Individual institutions may offer different rates based on specific conditions.
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Citation
U.S. Federal Reserve, National Rate Cap: 48 Month CD <100M [NRC48MCD], retrieved from FRED.
Last Checked: 8/1/2025