Only the one-month CD decreased by 0.05%. Almost all CDs increased by a minimum of 0.01% and by a maximum of 0.75% during this time period, with 48- and 60-month CDs seeing the smallest increases and three-month CDs seeing the largest. The highest average CD rates can be found on one- and two-year terms.īetween May and September 2023, most CD rates have trended upward. Conversely, the average savings rate increased by 0.02% and the average money market rate increased by 0.03%, while the interest checking average held steady.Ĭurrent CD rate averages range from 0.21% for a one-month term to 1.76% for a 12-month term. The national average rate decreased by 0.01% on one-month CDs, 0.02% on 36-month CDs and 0.03% on 48-month and 60-month CDs, the data released Sept. (FDIC) data, but you should take note of a few minor changes when deciding which CD term is right for you.
Average CD and savings rates remain relatively unchanged compared to last month, according to Federal Deposit Insurance Corp.
