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 Oct. 14, 2009.


Yields: 0.92 percent (1-year CD yield); 2.23 percent (5-year CD yield)

CD buyers would love to see the Fed raise short-term interest rates a bit, but that won't happen until companies start hiring and people start spending. So, we're stuck with paltry yields that look worse from one week to the next.

The one-year CD average, as surveyed by, fell 1 basis point this week to 0.92 percent. The five-year average yield held steady at 2.23 percent.

The average yield for a one-year jumbo CD now stands at 1.01 percent, down 1 basis point from last week. The five-year jumbo declined 2 basis points to 2.26 percent.

The average yield for money market accounts remains at 0.31 percent for the second week in a row.

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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