National Average CD Rates: July 2026
FDIC national average deposit rates published Jul 20, 2026: 12-month CD 1.68% (+0.03 percentage points from June 2026), savings 0.38%, and money market 0.65%. The full table covers savings, interest checking, money market, and CDs from 1 to 60 months, with the national rate cap.
National averages computed by the FDIC, not offers from any institution.
| Product | National rate | Prior (June 2026) | Change |
|---|---|---|---|
| Savings | 0.38% | 0.38% | 0.00 |
| Interest Checking | 0.07% | 0.07% | 0.00 |
| Money Market | 0.65% | 0.61% | +0.04 |
| 1 month CD | 0.23% | 0.23% | 0.00 |
| 3 month CD | 1.15% | 1.15% | 0.00 |
| 6 month CD | 1.38% | 1.38% | 0.00 |
| 12 month CD | 1.68% | 1.65% | +0.03 |
| 24 month CD | 1.56% | 1.53% | +0.03 |
| 36 month CD | 1.34% | 1.33% | +0.01 |
| 48 month CD | 1.26% | 1.25% | +0.01 |
| 60 month CD | 1.36% | 1.35% | +0.01 |
Source: FDIC, National Rates and Rate Caps, Jul 20, 2026, retrieved 2026-10-16 22:01 CDT. National rates are deposit-weighted averages across insured institutions and credit unions computed by the FDIC; savings and interest checking use the $2,500 tier, money market and CDs average the $10,000 and $100,000 tiers. They are averages, not offers from any institution. Change is in percentage points. The rate cap applies to banks that are less than well capitalized.