Brian McKay
Brian McKay
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Average 12-Month CD Rates Rise to 3.012% as Five CD Terms Gain
Average 12-month CD rates rose 0.013 points to 3.012% between October 27 and November 2. 18-month CD rates rose 0.015 points to 2.911%, the largest change of the week, and 24-month CD rates rose 0.012 points to 2.914%.
Average 12-month CD rates rose 0.013 points to 3.012% between October 27 and November 2, from 2.999%. 18-month CD rates rose 0.015 points to 2.911%, the largest change of the week, 24-month CD rates rose 0.012 points to 2.914%, and 36-month and 48-month CD rates also rose. 3-month, 6-month and 60-month CD rates held steady.
Key takeaways
- 12-month CD rates rose 0.013 points to 3.012%, from 2.999% on October 27; the average across all eight terms is 2.788%, from 2.780%.
- 18-month CD rates rose 0.015 points to 2.911%, 24-month CD rates rose 0.012 points to 2.914%, 36-month CD rates rose 0.008 points to 2.819%, and 48-month CD rates rose 0.007 points to 2.812%.
- 3-month CD rates held steady at 2.123%, 6-month CD rates at 2.791%, and 60-month CD rates at 2.918%.
- A $10,000 deposit at the 3.012% 12-month average earns about $301.20 over a year; the Federal Reserve kept its range at 3.75% to 4.00% on October 28.
12-month CD rates rose 0.013 points to 3.012%
Short and mid-term CD rates, national average APY since April 13
Average APYs from MonitorBankRates.com's nightly collection, the same series this report's figures come from, updated daily.
12-month CD rates averaged 2.999% on October 27 and 3.012% on November 2. The average comes from 9,124 rates at 4,113 institutions, each institution's latest 12-month rate. A $10,000 deposit at the 3.012% average earns about $301.20 over a year.
Longer-term CD rates, national average APY since April 13
Average APYs from the nightly collection, updated daily.
18-month CD rates rose the most; three terms held steady
18-month CD rates rose 0.015 points to 2.911% and 24-month CD rates rose 0.012 points to 2.914%. 36-month CD rates rose 0.008 points to 2.819% and 48-month CD rates rose 0.007 points to 2.812%. 60-month CD rates held steady at 2.918%, from 2.913%, 6-month CD rates held steady at 2.791%, from 2.788%, and 3-month CD rates held steady at 2.123%, from 2.127%. The average across all eight terms is 2.788%, from 2.780%.
Weekly change by CD term (percentage points)
Average APYs, October 27 to November 2. Green bars rose; red bars fell.
CD term averages, October 27 and November 2
| CD Term | October 27 APY | November 2 APY | Weekly Change |
|---|---|---|---|
| 12-Month CD ▲ | 2.999% | 3.012% | ▲ +0.013 |
| 60-Month CD ▲ | 2.913% | 2.918% | ▲ +0.005 |
| 24-Month CD ▲ | 2.902% | 2.914% | ▲ +0.012 |
| 18-Month CD ▲ | 2.896% | 2.911% | ▲ +0.015 |
| 36-Month CD ▲ | 2.811% | 2.819% | ▲ +0.008 |
| 48-Month CD ▲ | 2.805% | 2.812% | ▲ +0.007 |
| 6-Month CD ▲ | 2.788% | 2.791% | ▲ +0.003 |
| 3-Month CD ▼ | 2.127% | 2.123% | ▼ -0.004 |
| Term-specific rate pages: 6-month CD rates · 12-month CD rates · 24-month CD rates · 60-month CD rates | |||
| All APYs are national averages of what real licensed institutions are actually offering to depositors, not promotional teaser rates or rate aggregator estimates. This report compares November 2 with October 27. Source: MonitorBankRates.com. | |||
A CD keeps its rate through the Fed's October 28 decision
The Federal Open Market Committee left its target range at 3.75% to 4.00% on October 28, with Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favor of an increase. The range was raised a quarter point on September 16, 47 days before November 2. A CD opened at any rate keeps that rate for its full term, so the averages here describe offers for new deposits.
What $10,000 earns at three CD term averages
A $10,000 deposit earns about $301.20 a year at the 3.012% 12-month average, $291.40 a year at the 2.914% 24-month average, and $291.80 a year at the 2.918% 60-month average. The CD vs. high-yield savings calculator compares a CD with a savings account side by side, and the CD early withdrawal penalty calculator shows what closing a CD before maturity costs in interest; both start from today's average rates, computed from rates published by more than 8,000 banks and credit unions and updated every day. Savers checking local offers can line up Ohio CD rates against the national averages, and term-by-term history is on our CD rate history page.
CD term averages on November 2
12-month CDs average 3.012%, 60-month CDs 2.918%, 24-month CDs 2.914%, and 18-month CDs 2.911%; the average across all eight terms is 2.788%. The APY any saver gets depends on the institution, the term, and the deposit amount.
CD rate questions for November 2
What are CD rates this week?
The average 12-month CD APY is 3.012% as of November 2, 2026, up 0.013 points from 2.999% on October 27. The average 60-month CD APY is 2.918% and the average 6-month CD APY is 2.791%.
Which CD terms rose the most?
18-month CD rates rose 0.015 points to 2.911%, 12-month CD rates rose 0.013 points to 3.012%, and 24-month CD rates rose 0.012 points to 2.914%. 3-month, 6-month and 60-month CD rates held steady.
What is the average across all CD terms?
The average across the eight terms MonitorBankRates tracks is 2.788%, from 2.780% on October 27.
How many CD rates are in these averages?
The averages are calculated from 51,620 CD rates collected from banks and credit unions.
Data Coverage & Methodology
All APYs in this report are calculated from rates collected directly from institution websites by MonitorBankRates.com's proprietary systems, tracking what real licensed institutions are actually offering to depositors, not promotional teaser rates or rate aggregator estimates.
As of November 2, 2026, these averages were calculated from 51,620 individual rates verified across all 8 terms; the latest collection ran November 1, 2026. The table below shows how many institutions reported rates for each term.
| CD Term | Institutions | Rates Verified |
|---|---|---|
| 3-Month CD | 2,082 | 3,814 |
| 6-Month CD | 3,818 | 7,138 |
| 12-Month CD | 4,113 | 9,124 |
| 18-Month CD | 2,587 | 5,021 |
| 24-Month CD | 3,738 | 7,849 |
| 36-Month CD | 3,416 | 7,065 |
| 48-Month CD | 2,746 | 5,423 |
| 60-Month CD | 2,904 | 6,186 |
| Total | 51,620 |
This report is for general information and is not financial advice. The APY any saver receives depends on the institution, balance, and location; confirm current offers with institutions before making decisions.
