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The key Fed Funds rate is down by 75 bp this year after the latest December rate cut and is expected to continue on a slower falling path as we head into 2026. But that won’t significantly diminish the volume of CDs held at most FIs, nor the significant volume of CD maturities that they’ll need to manage in the new year.
Based on benchmarks and analysis from Curinos’ Consumer Deposit Analyzer, an estimated $1.6T in CDs will mature at traditional financial institutions during the 12 months of 2026 (see chart). Our estimates include the expected renewals of CDs along with expected new acquisition, based on the most recent industry data for both. This is down slightly from the maturity volumes of 2025 but still remain a sizable portion of most consumer deposit portfolios.
Next year’s CD maturity volumes are particularly important in Q1 2026, where we expect an industry-wide peak for maturing CDs. With the recent Fed rate cuts putting downward pressure on current CD rates, older and higher-rate CDs will be maturing into a lower rate environment. That means managing CDs will continue to remain a key priority for consumer bankers in the coming year even as rates slowly shift downward.
% of CD Balances Maturing Traditional FIs | Nov ‘25 – Dec ‘26
Source: Curinos Optimizer, SNL Data | Note(s): *Forecasted maturities are based on the average percentage of currently booked CD terms across the industry, using simple averages. This forecast represents only initial maturities and will not include short term CDs that will be expected to undergo 2+ maturities in a 12M window. Acquisition is included in the projection using the same approach. Acquisition and forecasted maturities are projected in 6M, 9M, and 12M terms.
