Average CD Rates Fall Broadly on 7 of 8 Terms;
Benchmark 12-Month Slips to 2.800%
Week Ending April 13, 2026

Seven of eight CD terms declined this week as the market reversed last week’s near-flat pause. The 18-month and 60-month tied as the steepest decliners at −0.011 points, while only the 3-month CD moved higher.

📊 Full week-over-week data for all 8 CD terms — drawn from 34,826 verified APY quotes across 18,387 institution-term combinations.

NATIONAL — National certificate of deposit APYs declined broadly for the week ending April 13, 2026, with seven of eight tracked terms posting losses and the market reversing last week’s near-flat consolidation. The benchmark 12-month CD fell to 2.800% — a drop of 0.010 percentage points from the prior week’s 2.810% — its first move below that level in recent weeks. The week’s declines ranged from −0.004 to −0.011 percentage points across seven terms, while only the short-end 3-month CD bucked the trend with a modest gain of 0.006 points.

In the short-term segment, the 3-month CD was the week’s lone bright spot, gaining 0.006 points to 1.918% — a countertrend move at the short end that may reflect localized competitive pricing among institutions targeting near-term deposits. The 6-month CD moved in the opposite direction, slipping 0.007 points to 2.665%. The spread between the 3-month and 6-month terms narrowed slightly to 0.747 percentage points, though it continues to strongly favor savers willing to commit to a six-month term.

Mid-term CDs led the week in headline impact. The 12-month CD fell 0.010 points to 2.800%, moving below the 2.810% floor it had held through the prior two weeks. The 18-month declined 0.011 points — tied for the week’s steepest drop — to 2.603%, and the 24-month eased 0.009 points to 2.640%. Despite these moves, the 12-month benchmark continues to sit well above the 18-month and 24-month terms, a term structure inversion that persists for a second consecutive week.

Long-term CDs followed suit. The 36-month posted the smallest decline of the week, edging down 0.004 points to 2.593%. The 48-month fell 0.009 points to 2.576%. The 60-month tied the 18-month as the week’s steepest decliner, dropping 0.011 points to 2.668%. Despite the decline, the 60-month now sits virtually level with the 6-month at 2.665% — a spread of just 0.003 percentage points — offering savers almost no additional yield for locking funds away for five years versus six months.

The broad retreat in CD rates this week follows a week of significant turbulence in financial markets, with bond yields whipsawing in response to escalating tariff developments in early April 2026. When longer-term Treasury yields fall, institutions face lower funding costs and reduced competitive pressure to attract deposits at elevated rates — and the resulting repricing tends to flow into deposit products within one to two weekly cycles. The fact that seven terms declined simultaneously, rather than just one or two, points to a systemic adjustment rather than isolated institution-level changes.

The term structure inversion that has defined the CD market in recent weeks deepened slightly. The 12-month CD at 2.800% continues to sit above every other term, including the 60-month at 2.668% and the 6-month at 2.665%. This means savers are being offered no yield premium for longer commitments beyond 12 months — and in fact are accepting lower rates to do so. For savers weighing CD terms, the 12-month remains the data-supported choice for yield unless rate certainty over a multi-year horizon is the primary objective. Track how these spreads evolve week to week on the national CD rate trends page.

With most terms now sitting 0.009–0.011 points below last week, the pace of the current easing cycle in deposit rates bears watching. A second consecutive broad decline next week would suggest institutions are actively trimming CD offers ahead of potential Fed rate adjustments, rather than making one-off adjustments. Compare the best CD rates from banks and credit unions nationwide →