Interest Rate Roundup
National CD rates

Here's a look at the state of CD rates from's weekly national survey of large banks and thrifts conducted Feb. 10, 2010.


Yields: 0.76 percent (1-year CD yield); 2.10 percent (5-year CD yield)

CD yields were mostly flat in this week's rate survey.

The average yield for a one-year CD fell 1 basis point to 0.76 percent. For the average five-year CD, the yield remained 2.10 percent.

In jumbo CDs, the average yield for one year dropped 1 basis point to 0.81 percent. The average five-year jumbo CD held tight to 2.12 percent.

The yield on money market accounts broke its three-week run at the same rate and dropped 1 basis point to 0.23 percent.

Some people use their phones to do more than text, make calls and take pictures. Banks are realizing that phones are an entirely new delivery channel separate from computers, writes Daniel Wolfe in American Banker.

Wells Fargo has begun offering text-message banking services regardless of the online banking status of the customer. Customers can check their account balances simply by sending a text.

Check Bankrate's high-yield CDs and high-yield money market account tables for some of the best returns available nationwide.

All deposit products listed with Bankrate are FDIC-insured.

See all CD rates content.

-- Sheyna Steiner


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