Bankrate.com

cds

National CD rate averages for March 19, 2009

Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts conducted March 18, 2009.

CDs

Yields: 1.37 percent (1-year CD yield); 2.27 percent (5-year CD yield)

As expected, the Federal Reserve left the federal funds rate unchanged at the close of its meeting Wednesday -- and that will not bode well for CD rates. The added statement that "economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period" is a bit disheartening for CD buyers, but it's not likely that anyone expected otherwise.

The average yield for one-year CDs, as surveyed by Bankrate.com, held its ground this week, coming in at 1.37 percent. The average yield for five-year CDs fell 2 basis points to 2.27 percent.

On the jumbo side, both the one-year and the five-year shed 1 basis point, coming in at 1.48 percent and 2.31 percent, respectively.

Check out Bankrate's high-yield CDs for some of the best returns available nationwide.

The average yield for money market accounts is unchanged at 0.49 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

 

advertisement

advertisement
Bankrate on Facebook
Don Taylorinvesting
A dividend reinvestment plan, or DRIP, is a way to buy a company's stock. Is it right for you?
advertisement
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
Is your money safe?
or ? See your bank, thrift or credit union's star rating. Find one that's safe enough for you.
Partner Center
advertisement
Sign up for Bankrate's CD rate alerts!

Rather watch TV than CD rates?

We'll notify you when rates hit your target.

RSS icon
Subscribe:RSS Feeds