Reviewed by

Brian McKay

Brian McKay

Co-Founder & Lead Data Architect

Expertise

• Automated Online Rate Data Aggregation
• Location-Based Rate Tables
• Bank & Credit Union Health Safety Ratings
• Bank & Credit Union Star Ratings
• Finance Calculators

Brian is the Co-Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.

Read Full Bio

| October 19, 2026 | 5 min read

12-Month CD Rates Reach 3.009% as All Eight CD Terms Rise for a Second Straight Week

Average CD rates rose on all eight terms between October 12 and October 19, the second straight week of increases on every term. 12-month CD rates rose 0.020 points to 3.009%, and 60-month CD rates rose 0.029 points to 2.929%, the largest change of the week.

Average certificate of deposit rates rose on all eight terms we track between October 12 and October 19, the second straight week of increases on every term. 12-month CD rates rose 0.020 points to 3.009%, a third straight weekly increase, and 60-month CD rates rose 0.029 points to 2.929%, the largest change of the week. 3-month CD rates rose 0.023 points to 2.019%, and all eight term averages are now above 2%.

All eight CD terms rose for a second straight week

Short and mid-term CD rates, national average APY since April 13

Average APYs from MonitorBankRates.com's nightly collection, updated daily. Figures in the text and table are this report's verified averages and can differ slightly from the nightly series.

60-month CD rates rose 0.029 points to 2.929%, 3-month CD rates rose 0.023 points to 2.019%, 12-month CD rates rose 0.020 points to 3.009%, and 24-month CD rates rose 0.019 points to 2.906%. 18-month CD rates rose 0.015 points to 2.880%, 6-month CD rates rose 0.013 points to 2.790%, 36-month CD rates rose 0.013 points to 2.825%, and 48-month CD rates rose 0.012 points to 2.816%. Last week's increases ranged from 0.016 to 0.041 points; this week's range from 0.012 to 0.029. Across all eight terms the average rose to 2.772% from 2.754%.

Longer-term CD rates, national average APY since April 13

Average APYs from the nightly collection, updated daily.

12-month CD rates reached 3.009%, a third straight weekly increase

12-month CD rates averaged 2.936% on September 28, 2.951% on October 5, 2.989% on October 12, and 3.009% this week. A $10,000 deposit at the 3.009% average earns about $300.90 over a year. The 24-month through 60-month averages sit between 2.816% and 2.929%.

Weekly change by CD term (percentage points)

This report's verified averages, October 12 to October 19. Green bars rose; red bars fell.

CD rates this week: October 12 vs. October 19

The Fed's benchmark rate has been 3.75% to 4.00% since September 16

The Federal Reserve raised its benchmark rate a quarter point to 3.75% to 4.00% on September 16, its first increase since 2023, and it has been at that level for 33 days. A CD keeps the rate it was opened at for its full term, so the averages in this report describe offers for new deposits.

A $10,000 deposit earns about $300.90 a year at the 12-month average

A $10,000 deposit earns about $300.90 over a year at the 3.009% 12-month average and about $292.90 at the 2.929% 60-month average, per year of the term. The CD vs high-yield savings calculator loads today's average for each product, computed from rates published by more than 8,000 banks and credit unions and updated every day, and accepts your own rates in place of the defaults. The CD early withdrawal penalty calculator shows the dollar amount of an early withdrawal under a given penalty. Savers checking local offers can line up California CD rates against the national averages, and term-by-term history is on our CD rate history page.

The eight CD term averages on October 19

12-month CDs average 3.009%, 18-month CDs 2.880%, 60-month CDs 2.929%, and the average across all eight terms is 2.772%. A CD keeps its rate for the full term once opened, and the APY any saver gets depends on the institution, the term, and the deposit amount.