National average CD and savings rates (FDIC)
The FDIC's national average rates for savings, interest checking, money market accounts, and CDs from 1 month to 60 months, published Sep 21, 2026. In this table the national average 12-month CD rate is 1.73% and the national savings rate is 0.37%.
Bank deposit products are FDIC-insured only at FDIC-insured banks and only up to applicable limits; the figures below are national averages computed by the FDIC, not products offered by this publication. Next scheduled FDIC publication: Oct 19, 2026.
FDIC national rates, September 2026
| Product | National rate | Prior (August 2026) | Change |
|---|---|---|---|
| Savings | 0.37% | 0.38% | −0.01 |
| Interest Checking | 0.07% | 0.07% | 0.00 |
| Money Market | 0.63% | 0.63% | 0.00 |
| 1 month CD | 0.23% | 0.22% | +0.01 |
| 3 month CD | 1.13% | 1.14% | −0.01 |
| 6 month CD | 1.41% | 1.41% | 0.00 |
| 12 month CD | 1.73% | 1.71% | +0.02 |
| 24 month CD | 1.61% | 1.57% | +0.04 |
| 36 month CD | 1.36% | 1.34% | +0.02 |
| 48 month CD | 1.28% | 1.27% | +0.01 |
| 60 month CD | 1.38% | 1.36% | +0.02 |
Source: FDIC, National Rates and Rate Caps, Sep 21, 2026, retrieved 2026-10-16 23:44 CDT. National rates are deposit-weighted averages across insured institutions and credit unions computed by the FDIC; savings and interest checking use the $2,500 tier, money market and CDs average the $10,000 and $100,000 tiers. They are averages, not offers from any institution. Change is in percentage points. The rate cap applies to banks that are less than well capitalized.
National rate history by month
| Published | Savings | Money Market | 6 month CD | 12 month CD | 24 month CD | 60 month CD |
|---|---|---|---|---|---|---|
| September 2026 | 0.37% | 0.63% | 1.41% | 1.73% | 1.61% | 1.38% |
| August 2026 | 0.38% | 0.63% | 1.41% | 1.71% | 1.57% | 1.36% |
| July 2026 | 0.38% | 0.65% | 1.38% | 1.68% | 1.56% | 1.36% |
| June 2026 | 0.38% | 0.61% | 1.38% | 1.65% | 1.53% | 1.35% |
| May 2026 | 0.38% | 0.57% | 1.35% | 1.55% | 1.50% | 1.34% |
| April 2026 | 0.38% | 0.57% | 1.44% | 1.53% | 1.51% | 1.35% |
| March 2026 | 0.39% | 0.56% | 1.47% | 1.52% | 1.49% | 1.34% |
| February 2026 | 0.39% | 0.56% | 1.48% | 1.55% | 1.40% | 1.34% |
| January 2026 | 0.39% | 0.56% | 1.57% | 1.61% | 1.41% | 1.34% |
| December 2025 | 0.39% | 0.58% | 1.58% | 1.63% | 1.41% | 1.34% |
| November 2025 | 0.40% | 0.58% | 1.49% | 1.64% | 1.42% | 1.34% |
| October 2025 | 0.40% | 0.59% | 1.46% | 1.68% | 1.44% | 1.34% |
| September 2025 | 0.40% | 0.59% | 1.60% | 1.70% | 1.46% | 1.34% |
Source: FDIC dated monthly pages (13 months). Select a month for the full table.
Related: Treasury auction results (not FDIC-insured) · weekly issues
Frequently asked questions
What is the FDIC national rate?
An average of the rates paid by insured depository institutions and credit unions, weighted by each institution's share of domestic deposits. The FDIC computes and publishes it each month.
How often are national CD and savings rates updated?
Monthly. The FDIC usually publishes on the third Monday of the month; YieldDocket picks up each new table on its next daily refresh.
What is the national rate cap?
The maximum rate that banks which are less than well capitalized may generally pay on deposits under FDIC rules. The FDIC publishes it alongside each national rate.
Are these rates offers from a bank?
No. They are FDIC-computed national averages, not offers from any institution. Deposit insurance applies only to deposits at FDIC-insured banks, up to applicable limits.
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