Rates updated August 29, 2016
Non-Jumbo Deposits (< $100,000)
| Deposit Products | National Rate 1 | Rate Cap 2 |
|---|---|---|
| Savings | 0.06 | 0.81 |
| Interest Checking | 0.04 | 0.79 |
| Money Market | 0.08 | 0.83 |
| 1 month CD | 0.06 | 0.81 |
| 3 month CD | 0.08 | 0.83 |
| 6 month CD | 0.13 | 0.88 |
| 12 month CD | 0.22 | 0.97 |
| 24 month CD | 0.36 | 1.11 |
| 36 month CD | 0.49 | 1.24 |
| 48 month CD | 0.61 | 1.36 |
| 60 month CD | 0.78 | 1.53 |
Jumbo Deposits (≥ $100,000)
| Deposit Products | National Rate 1 | Rate Cap 2 |
|---|---|---|
| Savings | 0.06 | 0.81 |
| Interest Checking | 0.04 | 0.79 |
| Money Market | 0.12 | 0.87 |
| 1 month CD | 0.07 | 0.82 |
| 3 month CD | 0.09 | 0.84 |
| 6 month CD | 0.14 | 0.89 |
| 12 month CD | 0.23 | 0.98 |
| 24 month CD | 0.39 | 1.14 |
| 36 month CD | 0.52 | 1.27 |
| 48 month CD | 0.64 | 1.39 |
| 60 month CD | 0.80 | 1.55 |
1 National rates are calculated based on a simple
average of rates paid (uses annual percentage yield) by all insured
depository institutions and branches for which data are available. Data
used to calculate the national rates are gathered by RateWatch. Savings
and interest checking account rates are based on the $2,500 product tier
while money market and certificate of deposit are based on the $10,000
and $100,000 product tiers for non-jumbo and jumbo accounts,
respectively. Account types and maturities published in these tables are
those most commonly offered by the banks and branches for which we have
data - no fewer than 49,000 locations and as many as 81,000 locations
reported. The deposit rates of credit unions are not included in the
calculation.
2 The rate cap is determined by adding 75 basis
points to the national rate. To determine conformance with the
regulation, compare rates offered by the institution, based on size and
maturity of the deposit, to the rate caps. For accounts less than
$100,000 use the applicable rate cap under the non-jumbo column, and
for accounts $100,000 and over, use the rate caps under the jumbo
column. Interpolation should be used for deposits with maturities not listed above.
