All 8 CD Terms Rise;
12-Month Hits 2.840%, Long End Leads Gains
Week Ending April 27, 2026

All 8 CD terms moved higher this week in a complete reversal from the prior period. The benchmark 12-month rose 0.033 points to 2.840% — its highest level in recent weeks — while long-term CDs led gains: 60-month +0.042, 48-month +0.041, and 36-month +0.038.

📊 Full week-over-week data for all 8 CD terms — drawn from 25,457 verified APY quotes across 14,811 institution-term combinations.

NATIONAL — National certificate of deposit APYs rose across all eight tracked terms for the week ending April 27, 2026 — a complete reversal from the prior week, when five of eight terms had declined. 12-month CD rates jumped 0.033 percentage points to 2.840%, the benchmark term’s highest level in recent weeks. The long end of the curve led the gains: 60-month CD rates rose 0.042 points to 2.704%, 48-month rates gained 0.041 points to 2.607%, and 36-month rates added 0.038 points to 2.619%. Even 3-month rates, last week’s lone laggard, edged higher.

In the short-term segment, 3-month CD rates moved fractionally higher, edging up 0.001 points to 1.913% — effectively flat but technically the eighth term to move in the same direction this week. 6-month rates gained 0.019 points to 2.688%, continuing a modest two-week climb. The spread between 3-month and 6-month terms widened to 0.775 percentage points, a notch above last week’s 0.757, with the 6-month moving more decisively than the 3-month.

Mid-term CDs posted solid gains. 12-month CD rates rose 0.033 points to 2.840%, building on last week’s recovery and reclaiming the highest position across the curve. 18-month rates added 0.018 points to 2.625%. 24-month rates gained 0.027 points to 2.666%. The 12-month benchmark continues to sit above every longer term, but with the long end now rising faster, the term structure inversion is beginning to compress.

The long end was the headline story this week. 36-month rates rose 0.038 points to 2.619%, reversing last week’s steepest decline. 48-month rates gained 0.041 points to 2.607%. 60-month rates led all terms with a 0.042 point gain to 2.704%. With the 60-month at 2.704% and the 6-month at 2.688%, the spread between them is now 0.016 percentage points — the longer term is once again offering more yield than the 6-month, ending several weeks of near-parity or inversion at this part of the curve.

This week’s broad-based gains across all eight CD terms represent a meaningful directional shift after several weeks of mixed-to-declining movement. The pattern of long-term gains outpacing short-term gains is particularly notable: 60-month rates rose 0.042 points while 3-month rates moved just 0.001 points, suggesting institutions are repricing longer-duration deposits more aggressively. This is the opposite of what was seen during the early-April pullback, when long-term CDs led declines. The reversal aligns with the broader rise in Treasury yields seen over the past week as tariff-related volatility eased and markets repriced rate expectations.

The term structure inversion that has defined the CD market for the past month is beginning to compress. The 12-month CD at 2.840% still sits above every longer term, but the gap is narrowing: the spread to the 60-month tightened to 0.136 points from 0.145 last week, and the spread to the 36-month narrowed to 0.221 points from 0.226. If the long end continues to rise faster than the mid-curve, the inversion could resolve entirely in the coming weeks — a meaningful change for savers who have been forced to choose between locking in shorter terms at higher rates or extending to longer terms at lower yields. Track how these spreads evolve on the national CD rate trends page.