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Brian McKay

Co-Founder & Lead Data Architect

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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.

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| September 28, 2026 | 5 min read

12-Month CD Rates Ease to 2.936%; No CD Term Moved More Than 0.021 Points

Average CD rates changed little between September 21 and September 28, with no term moving more than 0.021 points. 12-month CD rates eased 0.014 points to 2.936%, and 3-month CD rates rose a fifth straight report to 1.983%.

Average certificate of deposit rates changed little between September 21 and September 28, with no term moving more than 0.021 points. 12-month CD rates eased 0.014 points to 2.936% after a 0.049-point rise the prior week. 48-month CD rates eased 0.021 points to 2.745%, the largest change of the eight terms, while 6-month and 60-month CD rates held steady at 2.761% and 2.841%. 3-month CD rates, the only average under 2%, rose for a fifth straight report to 1.983%. In a MonitorBankRates reader survey taken September 16 to 23, 84% of readers who answered said they plan to move money into a higher-yield account.

CD averages held close to last week's levels

Short and mid-term CD rates, national average APY since late March

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.

Five of the eight CD terms we track eased in this report, and every move was small. 48-month CD rates eased 0.021 points to 2.745%, the largest change of the week, 36-month CD rates eased 0.011 points to 2.754%, and 24-month and 18-month CD rates held nearly steady at 2.838% and 2.813%. 6-month and 60-month CD rates held steady at 2.761% and 2.841%, and 3-month CD rates rose 0.007 points to 1.983%, a fifth straight gain. Across all eight terms the average eased to 2.709% from 2.715%.

Longer-term CD rates, national average APY since late March

Average APYs from the nightly collection, updated daily.

12-month CD rates eased to 2.936%

12-month CD rates eased 0.014 points to 2.936% after climbing 0.049 points in the prior report; the average has been between 2.90% and 2.95% in every report since September 14. A $10,000 deposit at the 2.936% average earns about $294 over a year. Mid-length terms sit close together, from 2.761% at 6 months to 2.838% at 24 months.

Weekly change by CD term (percentage points)

This report's verified averages, September 21 to September 28. Green bars rose; red bars fell.

CD rates this week: September 21 vs. September 28

The 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. In the CD report collected five days after that announcement, average CD rates rose on nearly every term; this week's figures held close to those levels. 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 CD earns at these averages

A $10,000 deposit earns about $294 over a year at the 2.936% 12-month average and about $284 at the 2.841% 60-month average, per year of the term. The CD calculator starts from today's national average APY for whichever term you pick, computed from CD rates published by more than 8,000 banks and credit unions and updated every day, and it can load your state's averages instead. The CD ladder calculator prices every rung of a ladder from the live average for that rung's own term. Savers checking local offers can line up Florida CD rates against the national averages, and term-by-term history is on our CD rate history page.

The bottom line on this week's CD averages

Average CD rates changed little this week, with 12-month CDs at 2.936% and the average across all eight terms at 2.709%. A CD's rate is fixed for the full term once opened. Behind the 2.936% 12-month average, offers in our data run as high as 6.030%, and the APY any saver gets depends on the institution, the term, and the deposit amount.