CD Rates Edge Higher;
12-Month Still Leads at 2.835%

CD averages ticked up this week, ending a three-week stretch of near-stillness. Six of the eight tracked terms rose, led by the 3-month and 18-month, which each gained 0.012 points, their biggest moves in a month. The benchmark 12-month barely budged, slipping 0.002 points to 2.835%, and it still pays more than any other term on the board.

📊 Full 8-term CD data: 15,302 institution-term combinations tracked, up from 15,228 last week.

NATIONAL: National CD averages edged higher the week of June 8, 2026, ending three straight weeks in which almost nothing moved. The shift was small but broad: six of eight terms rose, and the cross-term average climbed to 2.604% from 2.598%. The 3-month and 18-month posted the week’s largest moves, each up 0.012 points. The benchmark 12-month CD was the exception, slipping 0.002 points to 2.835%, though it remains the highest yield on the curve.

The short end split this week. The 3-month average rose 0.012 points to 1.927%, its strongest weekly gain in a month. The 6-month went the other way, giving back 0.010 points to 2.690% after four straight weeks of climbing. That pullback ended the 6-month’s run and dropped it back below the 24-month. The gap between the 3-month and 6-month narrowed to 0.763 points from last week’s 0.785.

The middle of the curve did most of the lifting. The benchmark 12-month held essentially flat at 2.835% and still pays more than any other term. Around it, the 18-month CD jumped 0.012 points to 2.670%, tying the 3-month for the week’s largest gain, and the 24-month CD added 0.007 points to 2.704%, climbing back above the 6-month. A pair of 0.012 gains would barely register most weeks. After three weeks of dead calm, it counts as the news.

The long end firmed too. The 36-month rose 0.008 points to 2.642%, the 48-month added 0.006 points to 2.628%, and the 60-month CD gained 0.008 points to 2.732%. Because the long end rose while the 12-month stood still, the 12-month-to-60-month spread narrowed to 0.103 points from 0.113 a week ago. The curve is still inverted, with the one-year paying more than the five-year. For the first time in over a month, though, that inversion is shrinking rather than holding.

After three weeks of near-total quiet, the lull broke, though not loudly. Six of eight terms rose. The cross-term average ticked up to 2.604% from 2.598%, and the curve’s month-long inversion narrowed for the first time in weeks. None of it is dramatic; the biggest single move was barely over a basis point. But it is the first stretch since early May where the averages have pointed clearly one way. Whether that is the start of something or just ordinary week-to-week noise resuming after an unusually still period is the question the next few weeks will settle.

The deeper reason the curve keeps sitting still is that the Federal Reserve is sitting still. Policymakers have held the federal funds rate at 3.50% to 3.75% since the December rate cut, and they left it there again on April 29, the third straight meeting without a move. CD yields follow the Fed’s rate path and the Treasury yields that track it, so when policy is parked, banks have little reason to reprice. That is most of why these weekly changes keep landing in the thousandths, this week’s modest uptick included. The next decision comes at the June 16-17 meeting, where markets are betting on another hold, so the real move in CD rates most likely waits on the one after that.

For savers, the picture is a little more interesting than it has been, if only barely, and a Fed on hold cuts both ways for them. Steady policy beats a cut, which would pull deposit yields lower, but it also means no lift, since a hike that would push rates up is not in anyone’s forecast. With the next move widely expected to be a cut whenever it lands, today’s yields look more like a near-term ceiling than a floor, which is an argument for locking in rather than waiting. The 12-month at 2.835% is still the best yield on the board, so anyone shopping a one-year term has lost no ground. The longer terms matter more for anyone weighing whether to lock in for years: the 60-month at 2.732% is the nearest long-dated alternative, and it is now climbing rather than drifting. With the curve this flat, there is little yield penalty for staying flexible, which is what makes a CD ladder worth a look right now; the CD ladder calculator shows what staggering maturities would actually earn, and the CD calculator does the math on any single rate and balance. Coverage broadened again, with MonitorBankRates.com tracking 15,302 institution-term combinations this week, up 74 from last week, even as the total number of verified quotes eased. Full term-by-term detail and history live on the CD rate trends page.