One Verified CD Increase as Deposit Rates Remain Mostly Unchanged

VERIFIED INSTITUTIONS

STRICT RATE BREADTH

BEST FRESH CASH YIELD

118 (+4)

1 up / 111 flat / 0 down

5.00% APY · capped

Executive Summary

The October 22 refresh expanded the first-party database from 114 to 118 institutions and appended 307 Bank

Verified observations. In 112 strictly comparable observations, one CD rate increased 10 basis points, 111 were

unchanged, and none declined. A 5.00% APY savings headline remains available only on limited balances; the highest

freshly observed CD is 4.87% APY for a five-year jumbo certificate.

1 / Rate Environment

Deposit pricing is predominantly stable in the measured panel: 0.9% of strict comparisons increased, 99.1% were

unchanged, and 0.0% declined. This is a partial, nonrandom bank refresh, not evidence of nationwide stability.

Borrowing benchmarks are mixed to slightly firmer: two-, five- and ten-year Treasury yields each rose 1–2 basis points

on October 21, while the latest weekly mortgage average remains elevated.

2 / Today's Numbers

Official benchmark

Rate

As of

Effective fed funds (EFFR)

3.88%

Oct 20

SOFR overnight

3.88%

Oct 20

Bank prime

7.00%

Latest verified Fed H.15

2Y / 5Y / 10Y Treasury

4.81% / 4.95% / 5.13%

Oct 21

6-month / 1-year Treasury

4.35% / 4.52%

Oct 21

30Y / 15Y fixed mortgage (Freddie Mac)

7.40% / 6.71%

Oct 15

OBR Savings Index v2.2

3.15% APY

13 institutions

OBR 12-month CD Index v2.2

3.87% APY

13 institutions

Best Cash Yield / best money market

5.00% / 4.00% APY

Fresh tracked offers

Highest observed CD

4.87% APY

60-month jumbo

Benchmark dates differ by release schedule. The October 22 Freddie Mac weekly survey was not yet available at the 8 AM Central

publication cutoff. EFFR and SOFR reflect the latest independently confirmed October 20 observations.

ONLINEBANKRATES.COM | DAILY RATE INTELLIGENCE | OCT 22, 2026

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3 / Biggest Verified Moves

Exact comparable product

Prior APY

Current APY

Move

America First CU · 60-month certificate

4.50%

4.60%

+10 bp

Other 111 strict matches

—

Unchanged

0 bp

America First was compared against its October 14 official rate schedule; the refreshed rate is effective October 21. No verified cuts

qualified. Another 195 appended observations were excluded from strict breadth, including 153 new-institution baselines and 42

existing-institution records without exact prior comparables.

Seven-day discovery window (October 16–22): 7 verified increases, 334 unchanged daily comparisons, and 0 cuts. Counts repeat

products across days and do not measure unique bank changes. The largest increases discovered were +20 bp on four Alliant 12-month

certificate variants and America First's 24–29-month certificate; their prior disclosures predate the discovery day.

SAVERS & BORROWERS

4 / Where Savers Are Winning

Category / term

Leading observed offer

APY

Conditions

Savings · limited tier

Chartway CU · Smart Steps promo

5.00%

First $2,499.99; 6 months

Savings · limited tier

MSU FCU · Savings Builder

5.00%

First $999.99

Savings · widely marketed

FNBA / Happen

4.20%

Promo / qualifying activity

Money market

Bank5 Connect

4.00%

$100 minimum; balance cap

6-month CD

Happen Bank

4.30%

$500 minimum

12-month certificate

Hanscom FCU

4.50%

Membership; $1,000 minimum

24-month CD

Happen Bank

4.76%

$500 minimum

60-month jumbo

Advancial FCU

4.87%

$50,000 minimum

120-month CD

First National Bank of America

4.75%

$1,000 minimum

Rates are drawn from fresh first-party observations; freshness means an effective date within seven calendar days. The 4.20% savings

quotes have eligibility or promotional conditions. The 4.76% Happen CD was last captured October 16; its official site was not recaptured

today. Confirm current offers with each institution before applying.

5 / Borrower Watch

The latest Freddie Mac weekly survey reports a 7.40% 30-year fixed mortgage average, unchanged week over week,

and a 6.71% 15-year fixed average, down 2 basis points. Using the October 21 ten-year Treasury yield of 5.13%, the

indicative 30-year mortgage-to-Treasury spread is 227 basis points. Prime is 7.00%, approximately 312 basis points

above EFFR; SOFR is 3.88%. These are reference spreads, not actual loan quotes.

6 / Yield Curve / CD Strategy

Maturity

Best fresh CD

Treasury par yield

Nominal advantage

6 months

4.30%

4.35%

Treasury +5 bp

1 year

4.50%

4.52%

Treasury +2 bp

2 years

4.76%

4.81%

Treasury +5 bp

5 years

4.87%

4.95%

Treasury +8 bp

10 years

4.75%

5.13%

Treasury +38 bp

ONLINEBANKRATES.COM | DAILY RATE INTELLIGENCE | OCT 22, 2026

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Short- and intermediate-term CDs are competitive with Treasury par yields; the largest nominal Treasury advantage is at ten years. The

10Y–2Y Treasury spread is +32 basis points. Savings accounts are liquid but variable-rate, CDs generally fix APY subject to

early-withdrawal penalties, and Treasuries have distinct tax and market-price characteristics. This is general information, not

personalized financial advice.

BEHAVIOR & PROPRIETARY INTELLIGENCE

7 / Bank Behavior

Fresh-panel metric

Online-oriented banks

Credit unions

Leading savings APY · group mean

3.53% (n=6)

2.81% (n=7)

Leading 12-month CD APY · group mean

3.92% (n=5)

3.84% (n=8)

Strict verified repricing today

0 verified changes

1 increase · America First

Each group average uses one highest eligible fresh product per institution. “Online-oriented” denotes tracked banks with digital retail

deposit distribution; “credit union” includes member institutions. Basic share accounts, balance caps, and premium tiers make this

nonrandom sample unsuitable for a national average. Large traditional-bank matched coverage is insufficient to quantify a national-bank

premium or group-wide repricing speed.

8 / OnlineBankRates Takeaway

Today's bank-rate update shows a largely steady market within the products we could compare directly. America First

Credit Union increased its five-year certificate from 4.50% to 4.60% APY between verified disclosures, but the other 111

exactly matched products were unchanged. Four newly verified institutions expanded the database to 118; new listings

are not rate increases. The highest fresh savings headlines still reach 5.00%, but only on small balances, while widely

marketed 4.20% savings offers have promotional or activity conditions. The leading two-year CD pays 4.76%, just below

the comparable Treasury yield of 4.81%. At five years, a 4.87% jumbo certificate requires $50,000. Borrowers still face a

7.40% average 30-year mortgage rate. Check eligibility, deposit limits, penalties and effective dates before comparing

advertised APYs.

9 / Proprietary Metrics

Metric

Oct 21

Oct 22

Interpretation

Savings Index v2.2

3.04%

3.15%

+11 bp; panel composition

12-month CD Index v2.2

3.95%

3.87%

−8 bp; panel composition

Bank Rate Breadth · up / flat / down

1 / 11 / 0

1 / 111 / 0

112 exact matches

Best Cash Yield

5.00%

5.00%

Restricted balance tiers

Fed Pass-Through Score

Pending

Pending

Insufficient fixed cohort

Online-vs-National Premium

Pending

Pending

Insufficient big-bank panel

The index changes are changes in the cross-sectional sample, not verified same-bank repricing. Historical v1, v2, v2.1 and v2.2

values are preserved separately in the accompanying metrics history; no prior published readings were overwritten.

Methodology — consistent metric definitions

Savings Index v2.2: equal-weight mean of the highest eligible fresh adult consumer savings APY per institution; excludes business, IRA

and youth products. 12-Month CD Index v2.2: equal-weight mean of the highest eligible fresh exact-12-month consumer

CD/certificate APY per institution; excludes business, IRA, youth and limited-balance EasyStart offers. Disclose jumbo or special eligibility

when present. Rate Breadth: increases, unchanged and cuts among strict institution/product/term/minimum/tier/eligibility/geography

matches versus the prior production snapshot. Best Cash Yield: highest fresh adult consumer savings/money-market APY, including

capped promotions with restrictions disclosed.

Fed Pass-Through Score: fixed-cohort deposit APY change (basis points) divided by EFFR change over the same window, published

only with adequate before/after matched coverage. Online-vs-National Premium: equal-weight online-bank savings average minus

matched large national-bank savings average in basis points, published only with adequate matched institutions. Both remain withheld

today.

ONLINEBANKRATES.COM | DAILY RATE INTELLIGENCE | OCT 22, 2026

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COVERAGE & SOURCES

10 / Data Coverage

5 AM collection measure

October 22 result

Verified institutions · start / new / end

114 / 4 / 118

New institutions

NexBank; Northpointe Bank; Technology CU; WECU

Bank Verified observations appended

307 (153 new-institution baselines; 154 existing recaptures)

Historical Bank Verified observations

4,596

Current production Bank Verified observations

3,100

Third Party Verified production observations

0

Strict comparable observations

112 (1 up; 111 unchanged; 0 cuts)

Fresh / aging / stale / undated production

647 / 1,595 / 482 / 376

Known official URLs / attempted / unchecked

199 / 12 / 187

All official URLs attempted / numerically captured

25 / 12

Official-source retrieval failures

6

Discovery queue remaining

102

Retrieval failures: Bank of Greene County; Happen Bank; Bank5 Connect alternate rates URL; BECU; Chartway; USALLIANCE. No

third-party rate substitutes were used. Only 12 of 199 previously known official URLs were attempted, so today is a partial refresh, not

a census.

Data / Methodology Disclosure

Institution-level offers originate in the completed October 22 first-party OnlineBankRates discovery/refresh files. “Bank Verified” means

an institution-owned official disclosure was captured; it does not imply the rate is available to every customer. Fresh = official effective

date within 7 calendar days; aging = 8–30 days; stale = older than 30 days; undated = no reliable official effective date. Rates may

change, and some sources could not be retrieved today. Never infer a rate change from a new institution, new product, changed

freshness status, or mismatched eligibility.

Official Benchmark & Selected Rate Sources

U.S. Treasury — daily par yield curve (Oct 21): https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?typ

e=daily_treasury_yield_curve&field_tdr_date_value_month=202610

New York Fed — EFFR: https://www.newyorkfed.org/markets/reference-rates/effr

New York Fed — SOFR: https://www.newyorkfed.org/markets/reference-rates/sofr

Federal Reserve — H.15 prime rate: https://www.federalreserve.gov/releases/h15/

Freddie Mac — Primary Mortgage Market Survey (Oct 15): https://www.freddiemac.com/pmms

America First CU — account rates: https://www.americafirst.com/rates/account-rates.html

Advancial FCU — deposit rates: https://www.advancial.org/rates

Northpointe Bank — deposit rates: https://www.northpointe.com/banking/rates/

Editorial cutoff: 8:00 AM Central, October 22, 2026. Benchmark observation dates are printed alongside each rate. This publication is

general financial information and is not a deposit offer, individualized investment advice, or a guarantee of product availability.