Find the best high yield CD rates below or read the latest certificate of deposits analysis here.
Rates on certificates of deposit lost a basis point in this week's national survey of interest rates.
The average 1-year CD yield was 0.28% for the 5th week in a row. The 5-year yield was 0.86% for the 4th straight week.
On the jumbo end, the average 1-year yield was 0.31% for the 3rd straight week. The missing basis point came off the 5-year jumbo yield, which moved to 0.9% from 0.91%.
The average money market account yield was 0.09% for the 51st consecutive week.
These certificates of deposit offer withdrawal flexibility, but the yields aren't too hot. Read more
Bankrate's CD Study shows rising-rate CDs start slow, depend on market to catch up. Read more
U.S. Treasury bills and bonds are almost always a solid investment. Why? They're backed by the U.S. government. Read more
Find the best 4-year CD rates so you don't lose purchasing power over time to inflation. Read more
Here are the average CD rates from Bankrate's weekly survey of large banks and thrifts. Read more
A certificate of deposit, or CD, is one of the safest and most predictable investments around. As long as the CD is backed by the FDIC, it's guaranteed not to lose principal, and in most cases, investors can count on earning a stable return for the full term of the CD. Find out more about the factors that you need to consider when choosing a CD below.
The length of time until the CD matures and the money deposited within can be withdrawn without penalty.
Short for annual percentage yield, APY is the total return of the CD per year, taking into account the beneficial effect of compounding.
The percentage of the CD's principal paid out annually in interest. Does not take into account the effect of compounding.
The minimum amount of money you need to open a particular CD. Banks may be willing to pay higher rates of interest on CDs with higher minimum deposits.
Short for Federal Deposit Insurance Corporation, the FDIC is an independent government-backed agency that covers the deposits of accountholders at FDIC-insured banks. FDIC-insured deposits are backed by the full faith and credit of the U.S. government, and since the agency was established in 1933, no depositor has lost a single cent of insured principal.