Bank5 Connect 3-Month CD Jumps 110 Basis Points; Most Verified Rates Hold Steady

Executive summary. The 5 a.m. discovery refresh expanded the tracked database from 118 to 122 verified institutions and

added 156 Bank Verified observations. A directly comparable Bank5 Connect three-month CD rose from 3.20% to 4.30%

APY between dated official disclosures. Among 11 conservatively matched observations, one increased, ten were

unchanged, and none declined. Treasury yields fell sharply October 22, while the newest weekly 30-year mortgage average

eased to 7.32%.

1 / Rate Environment

Deposit pricing was predominantly unchanged in the verified comparison panel: 1 of 11 exact matches increased (9.1%), 10

were unchanged (90.9%), and none fell. The small, partial panel cannot establish the direction of the nationwide deposit

market. Borrowing benchmarks eased: the two-, five-, and ten-year Treasury yields each fell 16–17 basis points on October

22, while the weekly 30-year mortgage average declined eight basis points.

2 / Today’s Numbers

Official benchmark

Latest

As of

Tracked deposit measure

Latest

Effective fed funds

3.88%

Oct 21

Savings Index v2.2

3.06% APY (12)

SOFR

3.88%

Oct 21

12-month CD Index v2.2

3.81% APY (13)

Bank prime

7.00%

Oct 22

Best fresh cash yield

5.00% APY*

2-year Treasury

4.65%

Oct 22

Widely marketed savings

4.20% APY*

5-year Treasury

4.78%

Oct 22

Best fresh money market

4.00% APY

10-year Treasury

4.96%

Oct 22

Highest fresh CD

4.87% APY*

30-year mortgage

7.32%

Oct 22

15-year mortgage

6.68%

• Eligibility, balance limits, promotional conditions, or minimum deposits apply. “Latest” benchmark observations use the newest independently

confirmed releases available for this edition.

3 / Biggest Verified Moves

Institution / product

Prior APY

Current APY

Change

Bank5 Connect · 3-month CD

3.20% (Oct 20)

4.30% (Oct 22)

+110 bp

Other strictly matched products (10)

—

Unchanged

0 bp

The Bank5 increase is confirmed by dated comparable observations of the same product, maturity, deposit minimum and eligibility, and by

the bank’s current official rate sheet. It was discovered in this refresh; the exact implementation date is not established. No qualifying cut

was verified.

Seven-day audit, October 17–23: 3 increases, 279 unchanged comparisons and 0 cuts across the daily published comparison panels. These

are observation counts (some products repeat), not unique product or national market totals.

ONLINEBANKRATES.COM

DAILY RATE INTELLIGENCE | OCT 23, 2026

Official benchmarks + first-party institution disclosures • APYs subject to change

2

4 / Where Savers Are Winning

The leading fresh cash opportunity is a limited-balance account, not a universally available 5% savings yield. New, undated

rates are excluded from current leaderboards.

Category

Tracked leader

APY

Key qualification

Limited-balance

savings

MSU Federal Credit Union · Savings Builder

5.00%

First $999.99

Widely marketed

savings

First National Bank of America / EverBank /

Happen

4.20%

Introductory, new-account, or activity

terms

Money market

Bank5 Connect · Connect Money Market

4.00%

$100 minimum; >$1m earns no interest

3-month CD

Bank5 Connect

4.30%

$500 minimum

6-month CD

Happen Bank

4.30%

$500 minimum

12-month certificate

Hanscom Federal Credit Union

4.50%

Membership required

24-month CD

Happen Bank

4.76%

$500 minimum

60-month jumbo

certificate

Advancial Federal Credit Union

4.87%

$50,000 minimum

120-month CD

First National Bank of America

4.75%

Ten-year commitment

The 5.00% Rewards Savings rate newly captured at Unitus Community Credit Union is undated and is not included as a current verified

leader. Likewise, first observations from newly discovered institutions do not establish rate changes.

5 / Borrower Watch

Freddie Mac’s October 22 survey put the 30-year fixed mortgage average at 7.32%, down 8 basis points week over week,

and the 15-year average at 6.68%, down 3 basis points. These are conforming-loan survey averages, not individual offers.

Prime remained 7.00%; the latest confirmed SOFR reading was 3.88%.

The indicative 30-year mortgage minus 10-year Treasury spread was 236 basis points (7.32% minus 4.96%), up from approximately 227

basis points using the preceding week’s mortgage average and October 21 Treasury yield. This is a cross-date comparison, not a directly

observed lender margin.

6 / Yield Curve and CD Strategy

Maturity

Best fresh tracked CD

Treasury par yield (Oct 22)

Nominal advantage

6 months

4.30%

4.29%

CD +1 bp

1 year

4.50%

4.41%

CD +9 bp

2 years

4.76%

4.65%

CD +11 bp

5 years

4.87%

4.78%

CD +9 bp

10 years

4.75%

4.96%

Treasury +21 bp

Short- and intermediate-term CDs now edge comparable Treasury par yields in the observed panel, though the five-year leader requires

$50,000. The ten-year Treasury remains ahead of the leading ten-year CD. The 2s10s Treasury curve is upward sloping by 31 basis points.

CDs and Treasuries differ in liquidity, tax treatment, insurance, early-withdrawal penalties and market-price exposure; this is not

individualized financial advice.

ONLINEBANKRATES.COM

DAILY RATE INTELLIGENCE | OCT 23, 2026

Official benchmarks + first-party institution disclosures • APYs subject to change

3

7 / Bank Behavior

Fresh institution-level panel

Online/digital banks

Credit unions

Average leading consumer savings APY

3.63% (7 institutions)

2.27% (5 institutions)

Average eligible exact-12-month CD APY

3.85% (6 institutions)

3.77% (7 institutions)

Verified same-product moves today

1 increase (Bank5)

No qualified matched CU moves

These are small, nonrandom cross-sectional samples containing basic share accounts as well as high-yield offers. The only verified change

was at an online bank; there is not enough matched movement data to identify which category is repricing fastest. Large traditional-bank

coverage is insufficient for a reliable Online-vs-National Bank Premium.

8 / OnlineBankRates Takeaway

The biggest verified change in today’s refresh is Bank5 Connect’s three-month CD, which now pays 4.30% APY versus

3.20% in its prior comparable disclosure. That is a substantial move for one product, not evidence that banks broadly raised

rates: ten other strictly matched products were unchanged. Four credit unions joined the database, but their first

observations are new baselines. For savers, the highest fresh savings headline remains 5.00% on a limited balance; widely

marketed 4.20% offers have account or activity conditions. The leading two-year CD pays 4.76%, above the 4.65% two-year

Treasury yield, while the five-year leader requires $50,000. Mortgage borrowers received modest relief as Freddie Mac’s

30-year average fell to 7.32%. Compare the full account terms, rate dates and liquidity before choosing a product.

9 / OnlineBankRates Proprietary Metrics

Metric

Oct 22

Oct 23

Reading / interpretation

Savings Index v2.2

3.15%

3.06%

12-institution fresh consumer panel

12-Month CD Index v2.2

3.87%

3.81%

13-institution fresh eligible CD panel

Rate Breadth: increases /

unchanged / cuts

1 / 111 / 0

1 / 10 / 0

Exact-comparable product observations

Best Cash Yield

5.00%

5.00%

Highest fresh consumer savings; capped

Fed Pass-Through Score

Pending

Pending

Fixed pre/post-policy cohort insufficient

Online-vs-National Premium

Pending

Pending

Comparable large-bank sample insufficient

The Savings Index decreased 9 basis points and the CD Index decreased 6 basis points as cross-sectional measures. These movements can

result from changing freshness and sample membership; they are not verified same-product cuts. Historical readings and version labels are

preserved in the accompanying CSV.

Consistent methods: Savings Index = arithmetic mean of each institution’s highest eligible fresh consumer savings APY; CD Index =

arithmetic mean of each institution’s highest eligible fresh exact-12-month standard certificate APY (including jumbo tiers but excluding

business/retirement-only/youth-only and capped special certificates); Best Cash Yield = maximum eligible fresh savings APY with restrictions

disclosed. Rate Breadth counts only exact product/term/tier/minimum/eligibility/geography comparisons.

ONLINEBANKRATES.COM

DAILY RATE INTELLIGENCE | OCT 23, 2026

Official benchmarks + first-party institution disclosures • APYs subject to change

4

10 / Data Coverage and Quality

Coverage measure

Oct 23 result

Coverage measure

Oct 23 result

Institutions before 5 a.m.

118

New verified institutions

4

Ending verified institutions

122

Observations appended

156

Historical Bank Verified rows

4,752

Current production rows

3,249

Bank Verified production

3,249

Third Party Verified

0

Fresh observations

612

Aging observations

1,665

Stale observations

528

Undated observations

444

Known official source URLs

212

Known URLs attempted

17

Total official sources attempted

25

Numerical recaptures

13

Official-source fetch failures

2

Known URLs not checked

195

Strict comparable observations

11

Discovery queue remaining

99

New institutions: Arizona Financial Credit Union (22 new observations), Delta Community Credit Union (9), ESL Federal Credit Union (27), and

Unitus Community Credit Union (40). Together these account for 98 first observations; the other 58 appended records were from previously

tracked institutions.

Failed official-source retrievals: Georgia’s Own Credit Union and Alliant Credit Union’s certificate-rates URL. An alternate official Alliant rates

page was opened. No third-party substitute rate was inserted for a failed retrieval.

Critical collection limitation: only 17 of 212 previously registered official URLs were attempted (8.0%); 195 were not checked. This is a partial

numerical refresh, not a comprehensive census. Coverage counts represent the first-party dataset as stored after the completed October 23

run.

Data and Methodology Disclosure

Observation dates: “Fresh” means a source-effective date within seven calendar days of the October 23 publication; “aging” means 8–30

days; “stale” means older than 30 days; “undated” means no reliable effective date. Only fresh, eligible Bank Verified observations appear in

the current-rate leaderboards and indexes. A newly discovered rate is a baseline, not an increase or cut.

Comparability: the published breadth audit requires identical institution, product, maturity, opening minimum, balance tier, relationship and

geographic descriptors, plus a prior first-party observation. The strict audit yields 1 increase, 10 unchanged and 0 cuts. It intentionally

excludes products whose terms cannot be confirmed as comparable. The seven-day count aggregates daily comparisons and may repeat

products.

Rates and consumer risk: APYs may change, and products may require membership, new money, activity, promotional enrollment, or

balance caps. CDs may carry early-withdrawal penalties. Treasury yields are par-curve market benchmarks, not guaranteed purchase yields.

The mortgage spread is an illustrative subtraction across separately dated series. This content is informational, not personalized financial

advice.

Official Sources and Collection Provenance

• U.S. Treasury daily par yield curve (Oct 22)

• Freddie Mac PMMS news release (Oct 22)

• Federal Reserve H.15 prime and policy benchmarks

• New York Fed EFFR / SOFR reference-rate definitions and releases

• Bank5 Connect official deposit rates

• First-party 5 a.m. collection: /OnlineBankRates/2026-10-23/