Brian McKay
Brian McKay
Co-Founder & Lead Data Architect- Automated Online Rate Data Aggregation
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12-Month CD Rates Rise to 2.951% as Six of Eight CD Terms Move Higher
Average CD rates rose on six of the eight terms between September 28 and October 5. 12-month CD rates rose 0.015 points to 2.951%, and 18-month CD rates rose 0.036 points to 2.849%, the largest change of the week.
Average certificate of deposit rates rose on six of the eight terms we track between September 28 and October 5. 18-month CD rates rose 0.036 points to 2.849%, the largest change of the week, 36-month CD rates rose 0.023 points to 2.777%, and 12-month CD rates rose 0.015 points to 2.951%. 3-month CD rates held steady at 1.979% after five straight increases, and 6-month CD rates held steady at 2.759%.
Key takeaways
- Six of the eight CD terms rose; 18-month CD rates rose 0.036 points to 2.849%, the largest change, and the average across all eight terms rose to 2.724% from 2.709%.
- 12-month CD rates rose 0.015 points to 2.951%, the highest of the eight term averages; a $10,000 deposit earns about $295.10 a year at that average.
- 3-month CD rates held steady at 1.979% after five straight increases and remain the only average under 2%; 6-month CD rates held steady at 2.759%.
- The Federal Reserve benchmark has been 3.75% to 4.00% since September 16; a CD rate is fixed for the full term once the CD is opened.
Six of eight CD terms rose this 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.
18-month CD rates rose 0.036 points to 2.849%, 36-month CD rates rose 0.023 points to 2.777%, 60-month CD rates rose 0.020 points to 2.861%, 24-month and 48-month CD rates rose 0.018 points each to 2.856% and 2.763%, and 12-month CD rates rose 0.015 points to 2.951%. 3-month CD rates held steady at 1.979% and 6-month CD rates at 2.759%. Across all eight terms the average rose to 2.724% from 2.709%.
Longer-term CD rates, national average APY since April 13
Average APYs from the nightly collection, updated daily.
12-month CD rates rose to 2.951%
12-month CD rates averaged 2.950% on September 21, 2.936% on September 28 and 2.951% this week. A $10,000 deposit at the 2.951% average earns about $295.10 over a year. The 24-month through 60-month averages sit between 2.763% and 2.861%.
Weekly change by CD term (percentage points)
This report's verified averages, September 28 to October 5. Green bars rose; red bars fell.
CD rates this week: September 28 vs. October 5
| CD Term | September 28 APY | October 5 APY | Weekly Change |
|---|---|---|---|
| 12-Month CD ▲ | 2.936% | 2.951% | ▲ +0.015 |
| 60-Month CD ▲ | 2.841% | 2.861% | ▲ +0.020 |
| 24-Month CD ▲ | 2.838% | 2.856% | ▲ +0.018 |
| 18-Month CD ▲ | 2.813% | 2.849% | ▲ +0.036 |
| 36-Month CD ▲ | 2.754% | 2.777% | ▲ +0.023 |
| 48-Month CD ▲ | 2.745% | 2.763% | ▲ +0.018 |
| 6-Month CD ▼ | 2.761% | 2.759% | ▼ -0.002 |
| 3-Month CD ▼ | 1.983% | 1.979% | ▼ -0.004 |
| Term-specific rate pages: 6-month CD rates · 24-month CD rates · 36-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 October 5 with September 28. Source: MonitorBankRates.com. | |||
CD rates 19 days after the Fed's increase
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 the benchmark has been at that level since. A CD's rate is fixed for the full term once the CD is opened, so changes in new-offer pricing reach only savers opening new CDs.
What a $10,000 deposit earns at the October 5 averages
A $10,000 deposit earns about $295.10 over a year at the 2.951% 12-month average and about $286.10 at the 2.861% 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 Pennsylvania CD rates against the national averages, and term-by-term history is on our CD rate history page.
CD averages on October 5
12-month CDs average 2.951%, 18-month CDs 2.849%, 60-month CDs 2.861%, and the average across all eight terms is 2.724%. A CD's rate is fixed for the full term once opened, and the APY any saver gets depends on the institution, the term, and the deposit amount.
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 October 5, 2026, these averages were calculated from 43,812 individual rates verified across all 8 terms; the latest collection ran October 5, 2026. The table below shows how many institutions reported rates for each term.
| CD Term | Institutions | Rates Verified |
|---|---|---|
| 3-Month CD | 1,757 | 2,847 |
| 6-Month CD | 3,454 | 6,049 |
| 12-Month CD | 3,739 | 7,825 |
| 18-Month CD | 2,352 | 4,339 |
| 24-Month CD | 3,397 | 6,696 |
| 36-Month CD | 3,116 | 6,085 |
| 48-Month CD | 2,507 | 4,665 |
| 60-Month CD | 2,660 | 5,306 |
| Total | 43,812 |
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.
