Deposit Cost Pressures Persist, C&I 'Growth Pockets'

I'm curious to know if anyone here is attracting/retaining one year CDs at a rate of 3.5%?
Mary
NOTICE: This electronic mail message and any files transmitted with it are intended exclusively for the individual or entity to which it is addressed. The message, together with any attachment, may contain confidential and/or privileged information. Any unauthorized review, use, printing, saving, copying, disclosure or distribution is strictly prohibited. If you have received this message in error, please immediately advise the sender by reply email and delete all copies.

-------------------------------------------
Original Message:
Sent: 4/1/2025 5:23:00 PM
From: Rob Blackwell
Subject: Deposit Cost Pressures Persist, C&I 'Growth Pockets'

Even though the Fed started cutting interest rates over six months ago, banks continue to face high CD rates, S&P Global Market Intelligence wrote. As of mid-March, 1,086 banks were offering more than 3.5% on one-year, $10,000 CDs, a slight decrease from 1,124 banks at year-end and 1,249 banks last September. S&P attributes the modest decline to the fact that the fed funds rate was more elevated when the Fed began easing compared to previous cycles.

Another S&P article discusses the state of C&I lending.

------------------------------
Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
------------------------------