GITNUX MARKETDATA REPORT 2024

Report: Highest Cd Rate Ever Statistics

With sources from: fool.com, millionmilesecrets.com, thebalance.com, money-rates.com and many more

Statistic 1

The highest CD interest rate was about 2.85% in mid-2019.

Statistic 2

In 1984, 5-year CDs had an average rate of 12.06%.

Statistic 3

In the 1980s, CD rates were as high as 18%.

Statistic 4

The average rate of 5-year CDs was 1.16% in 2018.

Statistic 5

In 2020, 1-year CD rates plunged from 1% to 0.60%.

Statistic 6

The average CD rate in the U.S. for 1-year terms was 0.22% as of October 2021.

Statistic 7

In 2006, a 6-month average yield of a CD was 5.21%.

Statistic 8

In 1980, the short-term CD (6-month) rates even spiked to 16%.

Sources Icon Sources

In this post, we explore the fluctuating landscape of CD interest rates over the years, from the highs of 18% in the 1980s to the current average rate of 0.22% in October 2021. With statistics ranging from the peak of 12.06% in 1984 to the recent plunge in 1-year CD rates, we delve into the historical trends that have shaped the financial opportunities available to investors.

Statistic 1

"The highest CD interest rate was about 2.85% in mid-2019."

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Statistic 2

"In 1984, 5-year CDs had an average rate of 12.06%."

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Statistic 3

"In the 1980s, CD rates were as high as 18%."

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Statistic 4

"The average rate of 5-year CDs was 1.16% in 2018."

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Statistic 5

"In 2020, 1-year CD rates plunged from 1% to 0.60%."

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Statistic 6

"The average CD rate in the U.S. for 1-year terms was 0.22% as of October 2021."

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Statistic 7

"In 2006, a 6-month average yield of a CD was 5.21%."

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Statistic 8

"In 1980, the short-term CD (6-month) rates even spiked to 16%."

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Interpretation

Throughout the years, CD interest rates have fluctuated significantly, with the highest rate reaching about 18% in the 1980s and dropping to as low as 0.22% in recent times. The average rates for various term lengths have seen notable changes as well, from 12.06% for 5-year CDs in 1984 to 1.16% in 2018. The data highlights the dynamic nature of CD rates, influenced by economic conditions and monetary policies.

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