National CD rate averages

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 Sept. 16, 2009.


Yields: 0.94 percent (1-year CD yield); 2.19 percent (5-year CD yield)

CD yields slipped a bit this week. The returns are terribly disheartening for CD buyers who routinely stock the fixed-income portion of their portfolio with CDs but, on the bright side, they compare very favorably to Treasuries -- at least on the short end of the curve.

The average yield for one-year CDs, as surveyed by, fell to 0.94 percent, down 4 basis points from last week. Nevertheless, a Treasury of similar maturity pays a mere 0.34 percent. The average yield for five-year CDs also lost 4 basis points, dropping to 2.19 percent. That's 25 basis points less than the five-year Treasury and doesn't take into consideration the Treasury's exemption from state and local taxes.

Jumbo CDs saw similar losses, with the one-year average falling 4 basis points to 1.02 percent and the five-year losing 2 basis points to land at 2.24 percent.

The average yield for money market accounts, which sat at 0.35 percent for two weeks, fell to 0.32 percent.

Check Bankrate's 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.

-- Laura Bruce



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