Federal Reserve Economic Data

National Rate: 48 Month CD <100M (NDR48MCD)

Jan 2025: 1.24000
Updated: Feb 18, 2025 3:24 PM CST
Jan 2025:  1.24000  
Dec 2024:  1.24000  
Nov 2024:  1.27000  
Oct 2024:  1.29000  
Sep 2024:  1.35000  
View All

Units:

Percent,
Not Seasonally Adjusted

Frequency:

Monthly
1Y5Y10YMax
to
Date:
Line 1
(a) National Rate: 48 Month CD <100M, Percent, Not Seasonally Adjusted (NDR48MCD)

Select a date that will equal 100 for your custom index:
  Enter date as YYYY-MM-DD
to

Write a custom formula to transform one or more series or combine two or more series.

You can begin by adding a series to combine with your existing series.

Type keywords to search for data

    Now create a custom formula to combine or transform the series.

    For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

    Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

    Finally, you can change the units of your new series.

    Select a date that will equal 100 for your custom index:
        Enter date as YYYY-MM-DD

    ADDLINE
    Type keywords to search for data
    Create user-defined line
    You can customize a graph by adding a straight line between two data points.
    FORMAT GRAPH
    Details
    Display
    Customize
    Frame
    Plot area
    Text

    Line 1
    National Rate: 48 Month CD <100M
    Line details & color

    Line style, thickness, color and position



    Fullscreen

    NOTES

    Source: Federal Deposit Insurance Corporation  

    Release: National Rates and Rate Caps - Monthly Update  

    Units:  Percent, Not Seasonally Adjusted

    Frequency:  Monthly

    Notes:

    On December 15, 2020, the FDIC Board of Directors approved a Final Rule making certain revisions to the interest rate restrictions applicable to less than well capitalized institutions (as defined in Section 38 of the Federal Deposit Insurance Act), which are effective on April 1, 2021. The interest rate restrictions generally limit a less than well capitalized institution from soliciting deposits by offering rates that significantly exceed rates in its prevailing market.

    The Final Rule redefined the "national rate" as the average of rates paid by all insured depository institutions and credit unions for which data is available, with rates weighted by each institution's share of domestic deposits. The "national rate cap" is calculated as the higher of: (1) the national rate plus 75 basis points; or (2) 120 percent of the current yield on similar maturity U.S. Treasury obligations plus 75 basis points. The national rate cap for non-maturity deposits is the higher of the national rate plus 75 basis points or the federal funds rate plus 75 basis points.

    A less than well capitalized institution may use the "local rate cap" in place of the national rate cap for deposits gathered from within the institution's local market area. The Final Rule redefined the "local rate cap" for a particular deposit product as 90 percent of the highest rate offered on the deposit product by an institution or credit union accepting deposits at a physical location within the institution's local market area.

    In accordance with Section 337.7(d), an insured depository institution that seeks to pay a rate of interest up to its local market rate cap shall provide notice and evidence of the highest rate paid on a particular deposit product in the institution's local market areas to the appropriate FDIC regional director. The institution shall update its evidence and calculations for existing and new accounts monthly unless otherwise instructed by the appropriate FDIC regional director, and retain such information available for at least the two most recent examination cycles and, upon the FDIC's request, provide the documentation to the appropriate FDIC regional office and to examination staff during any subsequent examinations.

    Suggested Citation:

    Federal Deposit Insurance Corporation, National Rate: 48 Month CD <100M [NDR48MCD], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/NDR48MCD, February 19, 2025.

    RELEASE TABLES

    National Rates and Rate Caps - Monthly Update

    Subscribe to the FRED newsletter


    Follow us

    Back to Top
    Color format