Rates for Odd Terms Standard maturity terms include: one month, three months, six months, 12 months, 24 months, 36 months, 48 months and 60 months. All other term periods are considered “off tenor” for the purpose of this regulation. If a bank offers a deposit with an off-tenor maturity for which the FDIC does not publish a National Rate Cap, and if the off-tenor maturity term is not being offered by another institution within the bank’s local market area, the bank must use the rate provided in the next lower standard maturity term for that product when determining its applicable national or local rate cap. For example, an institution seeking to offer a 26-month certificate of deposit must use the rate provided for a 24-month certificate of deposit to determine the institution’s applicable national or local rate cap. For more information, contact Debbie Walker, Director of Regulatory and Compliance at QwickRate, at (678) 797-4056, or call customer service at (800) 285-8626. QwickRate® provides the premier non-brokered CD marketplace for funding and investing, with fast connections to more than 3,000 institutions to proactively manage liquidity needs. QwickRate offers other affordable tools and services to help simplify and make work easier for bankers. The IntelliCredit loan review and credit intelligence solutions provide banks with a more efficient way to detect and manage risk, enabling them to move a decades-old loan review process online. QwickAnalytics provides time-saving bank research, performance analysis and regulatory tools, including CECLSolver and Credit Stress Test. The FDIC publishes the National Rate Cap information on its website, along with monthly updates, which can be accessed by scanning the QR code. (The FDIC maintains the discretion to publish updates more or less frequently, if needed.) https://www.fdic.gov/nationalrates-and-rate-caps 21 In Touch
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