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Rate Cap on Jumbo Deposits (greater or equal to $100,000): 24 Month CD (DISCONTINUED) (CD24RCJD)

Observation:

2021-03-29: 0.94 (+ more)  Updated: Mar 29, 2021 2:11 PM CDT
2021-03-29:  0.94  
2021-03-22:  0.95  
2021-03-15:  0.95  
2021-03-08:  0.95  
2021-03-01:  0.95  

Units:

Percent,
Not Seasonally Adjusted

Frequency:

Weekly,
As of Monday

NOTES

Title Release Dates
Rate Cap on Jumbo Deposits (greater or equal to $100,000): 24 Month CD 2014-03-10 2021-03-28
Rate Cap on Jumbo Deposits (greater or equal to $100,000): 24 Month CD (DISCONTINUED) 2021-03-29 2021-03-29
 
Source    
Federal Deposit Insurance Corporation 2014-03-10 2021-04-01
 
Release    
Weekly National Rates and Rate Caps 2014-03-10 2021-03-31
National Rates and Rate Caps - Monthly Update 2021-04-01 2021-04-01
 
Units    
Percent 2014-03-10 2021-03-29
 
Frequency    
Weekly, As of Monday 2014-03-10 2021-03-29
 
Seasonal Adjustment    
Not Seasonally Adjusted 2014-03-10 2021-03-29
 
Notes    
The rate cap is determined by adding 75 basis points to the national rate.
The national rate is calculated by the FDIC as 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 are those most commonly offered by the banks and branches for which data is available- 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.(http://www.fdic.gov/regulations/resources/rates/)

For more information, see the FDIC's Financial Institution Letter FIL-25-2009 issued on May 29, 2009 at http://www.fdic.gov/news/news/financial/2009/fil09025.html.

2014-03-10 2021-03-29

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Jumbo Certificates of Deposits 2-Year Federal Deposit Insurance Corporation Deposits Weekly Discontinued Rate Nation Public Domain: Citation Requested Not Seasonally Adjusted United States of America