National Rate Cap: 6 Month CD <100M
NRC6MCD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.90
Year-over-Year Change
-18.80%
Date Range
4/1/2021 - 7/1/2025
Summary
The National Rate Cap for 6-Month CDs under $100 million represents the maximum interest rate offered by banks for short-term certificates of deposit. 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 across U.S. financial institutions for a specific deposit size and term. Economists and financial analysts use this rate as a benchmark for understanding short-term savings and lending environments.
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 rate is crucial for understanding short-term investment yields, banking sector health, and potential monetary policy implications.
Key Facts
- Represents maximum interest rates for 6-month CDs under $100 million
- Updated periodically to reflect current market conditions
- Serves as a benchmark for short-term financial instruments
FAQs
Q: What does this rate indicate about the current financial market?
A: The rate reflects current banking deposit strategies and overall economic conditions affecting short-term lending and savings.
Q: How often is this rate updated?
A: The rate 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 deposits and provides a standardized measurement for financial analysis.
Q: How do investors use this rate?
A: Investors use this rate to compare potential returns on short-term certificates of deposit and make informed investment decisions.
Q: What are the limitations of this rate?
A: The rate represents a national average and may not precisely reflect individual bank offerings or local market conditions.
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Citation
U.S. Federal Reserve, National Rate Cap: 6 Month CD <100M [NRC6MCD], retrieved from FRED.
Last Checked: 8/1/2025