Short-term vs. long-term CD rates
Track the CD yield curve using medians, P90 and matched institutions with higher long-term rates.
Are short-term CD rates higher than long-term rates?
The one-year median minus the five-year median was 40 bp: 3.55% across 416 institutions versus 3.15% across 372. A positive spread indicates an inverted curve at those two maturities; a negative spread indicates a higher five-year median.
| Term | Independent institutions | Median APY | P90 APY |
|---|---|---|---|
| 6 months | 381 | 3.40% | 4.05% |
| 1 year | 416 | 3.55% | 4.25% |
| 3 years | 378 | 3.15% | 4.17% |
| 5 years | 372 | 3.15% | 4.28% |
Each term can contain different institutions. A difference between term medians is not necessarily the price difference available from the same bank, or a prediction of future rates.
Matched institutions with higher five-year quotes
The same regulator must have fresh quotes at both exact terms. Different products or checked regions can supply the two quotes; eligibility may differ.
| Institution | One-year product / APY | Five-year product / APY | Five-year premium |
|---|---|---|---|
| Greenfield Savings Bank | 12 Month · 0.40% No ZIP price Oct 24, 2026 snapshot | 60 Month · 4.28% No ZIP price Oct 24, 2026 snapshot | 388 bp |
| Sullivan Bank | Certificate of Deposit · 0.50% No ZIP price Oct 23, 2026 snapshot | 60 Months Special Click to Open CD · 4.30% No ZIP price Oct 23, 2026 snapshot | 380 bp |
| Fourleaf Federal Credit Union | 12 Month Certificate · 1.25% No ZIP price Oct 24, 2026 snapshot | 60 Month Certificate · 4.15% No ZIP price Oct 24, 2026 snapshot | 290 bp |
| Seven Seventeen Credit Union | Certificate · 2.25% No ZIP price Oct 24, 2026 snapshot | Certificate · 4.75% No ZIP price Oct 24, 2026 snapshot | 250 bp |
| First Mid Bank & Trust | Certificate of Deposit · 0.40% No ZIP price Oct 24, 2026 snapshot | Certificate of Deposit · 2.75% No ZIP price Oct 24, 2026 snapshot | 235 bp |
| Harvard Federal Credit Union | 12 Month Certificate · 2.00% No ZIP price Oct 24, 2026 snapshot | 60 Month Certificate · 4.35% No ZIP price Oct 24, 2026 snapshot | 235 bp |
| MIDFLORIDA Credit Union | Regular Certificate · 1.75% No ZIP price Oct 24, 2026 snapshot | CD Special · 4.00% No ZIP price Oct 24, 2026 snapshot | 225 bp |
| 1st Advantage Federal Credit Union | Share Certificate · 1.00% No ZIP price Oct 24, 2026 snapshot | Share Certificate · 2.75% No ZIP price Oct 24, 2026 snapshot | 175 bp |
| Northwest Community Bank | Time Deposit & IRA · 2.00% No ZIP price Oct 24, 2026 snapshot | Time Deposit & IRA · 3.75% No ZIP price Oct 24, 2026 snapshot | 175 bp |
| Advancial Federal Credit Union | Certificate · 2.96% No ZIP price Oct 24, 2026 snapshot | Certificate · 4.66% No ZIP price Oct 24, 2026 snapshot | 170 bp |
Sources, scope and methodology
All findings are generated from verified D1 records using fixed calculations and templates. No language model writes these findings. Stale and future-dated quotes are excluded, as are relationship-only quotes. A regulator ID counts once in each institution-level comparison. This tracked sample is not a deposit-weighted national average.
Index comparisons use the highest applicable $10,000 quote at each exact term per regulator. A median or P90 requires at least 30 independent institutions in its group. Fresh regional and promotional offers can be included; availability and membership conditions still apply. ZIP comparisons instead match a stated product, term and tier.
Routine re-verification does not change the financial-content modification date. Tables can change as rates, coverage or freshness change. Download index data and source snapshots · Download current rate quotes · Full methodology · Corrections
Cite APY Ledger, “Short-term vs. long-term CD rates,” facts changed 2026-10-24, https://apyledger.com/guides/short-term-vs-long-term-cd-rates. Data: CC BY 4.0.