12-Month CD Ticks Up to 2.807%;
Mixed Week as Long Terms Pull Back
Week Ending April 20, 2026

The benchmark 12-month CD gained 0.007 points this week to 2.807%, while five of eight terms declined. The 36-month posted the steepest drop at −0.012 points; the 6-month and 18-month edged higher alongside the 12-month.

📊 Full week-over-week data for all 8 CD terms — drawn from 31,906 verified APY quotes across 17,302 institution-term combinations.

NATIONAL — National certificate of deposit APYs were mixed for the week ending April 20, 2026, with five of eight tracked terms declining and three moving higher. The benchmark 12-month CD recovered modestly, gaining 0.007 percentage points to 2.807% — reclaiming ground lost over the prior two weeks of broad declines. Long-term terms bore the brunt of this week’s pressure, with the 36-month posting the steepest drop at −0.012 points and the 48-month falling 0.010 points.

In the short-term segment, the 3-month CD gave back last week’s gain, slipping 0.006 points to 1.912%. The 6-month CD moved in the opposite direction, edging up 0.004 points to 2.669%. The spread between the 3-month and 6-month terms held at 0.757 percentage points, continuing to reward savers willing to extend even modestly beyond the shortest available term.

Mid-term CDs were the week’s relative bright spot. The 12-month CD rose 0.007 points to 2.807%, partially reversing recent losses and remaining the highest-yielding term across the curve. The 18-month also gained, adding 0.004 points to 2.607%. The 24-month was effectively flat, edging down just 0.001 points to 2.639%. The 12-month benchmark continues to sit well above every longer term, sustaining the term structure inversion now in its third consecutive week.

Long-term CDs faced the most pressure this week. The 36-month dropped 0.012 points — the week’s steepest decline — to 2.581%. The 48-month fell 0.010 points to 2.566%. The 60-month declined a more modest 0.006 points to 2.662%. With the 60-month at 2.662% and the 6-month at 2.669%, savers locking into a five-year CD are still accepting a lower yield than a six-month term — a spread of 0.007 percentage points — offering almost no compensation for the extended commitment.

This week’s divergence between short-to-mid terms and the long end reflects a familiar pattern in rate-transition environments: when markets are uncertain about the path of future rates, institutions often trim longer commitments first, leaving short-term offers relatively more competitive. The 12-month CD’s recovery to 2.807% suggests some institutions pulled back the cuts they applied last week, possibly in response to deposit flow data or local competitive pressure. The simultaneous weakness in 36-month and 48-month terms is consistent with institutions reducing their appetite for long-duration deposits — a signal that internal funding outlooks may be shifting.

The term structure inversion that has characterized the CD market over the past several weeks remained firmly in place this week and deepened slightly at the long end. The 12-month CD at 2.807% now sits 0.145 points above the 60-month at 2.662% and 0.226 points above the 36-month at 2.581%. For savers, this continues to be an unusual environment: locking in for longer does not reward you with more yield. Unless rate certainty over multiple years is the primary objective, the 12-month remains the data-supported choice. Track how these spreads evolve week to week on the national CD rate trends page.