The FDIC Board of Directors sets interest rate restrictions applicable to “less than well capitalized” institutions via Part 337.6 of the FDIC Rules and Regulations.
These “national rate” data points are a simple average of rates paid by U.S. depository institutions as calculated by the FDIC.
Weekly rate cap information for the week of September 7, 2020
Non-Jumbo Deposits (< $100,000)
| Deposit Products | National Rate 1 | Rate Cap 2 |
|---|---|---|
| Savings | 0.05 | 0.80 |
| Interest Checking | 0.04 | 0.79 |
| Money Market | 0.08 | 0.83 |
| 1 month CD | 0.05 | 0.80 |
| 3 month CD | 0.08 | 0.83 |
| 6 month CD | 0.13 | 0.88 |
| 12 month CD | 0.19 | 0.94 |
| 24 month CD | 0.25 | 1.00 |
| 36 month CD | 0.30 | 1.05 |
| 48 month CD | 0.33 | 1.08 |
| 60 month CD | 0.39 | 1.14 |
Jumbo Deposits (≥ $100,000)
| Deposit Products | National Rate 1 | Rate Cap 2 |
|---|---|---|
| Savings | 0.05 | 0.80 |
| Interest Checking | 0.04 | 0.79 |
| Money Market | 0.14 | 0.89 |
| 1 month CD | 0.06 | 0.81 |
| 3 month CD | 0.09 | 0.84 |
| 6 month CD | 0.14 | 0.89 |
| 12 month CD | 0.21 | 0.96 |
| 24 month CD | 0.26 | 1.01 |
| 36 month CD | 0.31 | 1.06 |
| 48 month CD | 0.34 | 1.09 |
| 60 month CD | 0.41 | 1.16 |
