National CD rate averages for April 2, 2009

Here's a look at the state of interest rates on five common consumer banking products and the latest rates from's weekly national survey of large banks and thrifts conducted April 1, 2009.


Yields: 1.35 percent (1-year CD yield); 2.27 percent (5-year CD yield)

There isn't a lot of movement this week to report for CD yields. The CD market seems to be settling down, at least for now. We'll likely continue the downward trend but it should be 1 or 2 basis-point swings -- not the hefty drops we've seen too often the past year.

The average yield for one-year CDs is 1.35 percent, according to Bankrate surveys. That's unchanged from the previous week. The five-year average yield rose 1 basis point to 2.27 percent.

Jumbo CD yields came in at 1.46 percent for the one-year and 2.3 percent for the five-year. The one-year dropped 1 basis point while the five-year yield is unchanged for the week.

You can do considerably better by checking out Bankrate's high-yield CDs, for some of the best returns available nationwide.

Money market accounts took a bit of a hit this week, dropping 3 basis points to arrive at an average yield of 0.45 percent.

Our high-yield money market account tables list several banks paying better than 2 percent.

All deposit products listed with Bankrate are FDIC-insured.

-- Laura Bruce



Show Bankrate's community sharing policy
          Connect with us

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Partner Center

Connect with us