| North Palm Beach, Fla. -- Nov. 25, 2009 (Bankrate.com) -- The average yield for a 3-month, $25,000 CD in the United States remained unchanged at 0.89 percent on Wednesday, according to Bankrate.com's daily Your Best Interest report.
The highest rate on a 3-month, $25,000 CD nationally is 1.21 percent, with an annual percentage yield of 1.22 percent. Six months ago, the average yield was 1.41 percent. The yield on a CD is higher than the rate because the yield takes compounding into account. Of the 3,797 institutions that Bankrate surveys nationally that sell 3-month, $25,000 CDs, 1,857 institutions offer daily compounding, 1,731 institutions offer monthly compounding and no institutions offer quarterly compounding. For consumers, more-frequent compounding produces a higher total yield. x Some institutions sell their CDs only in their local market; others sell CDs nationwide. Click here to see the 100 highest yields on a variety of CDs available nationally. To see all of the results of Bankrate.com's surveys, go to www.bankrate.com. The Your Best Interest report is a daily service of Bankrate.com, a financial news and information service based in North Palm Beach, Fla. Bankrate surveys more than 300 financial products from more than 4,800 institutions in all 50 states. |