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. 21, 2009.


Yields: 0.92 percent (1-year CD yield); 2.21 percent (5-year CD yield)

The one-year CD average yield, as surveyed by, held steady this week at 0.92 percent. That compares quite favorably to the one-year Treasury, which yields 0.39 percent, but pales when matched against a one-year, high-yield CD, which comes in at 2 percent.

The average yield for a standard five-year CD fell 2 basis points this week to 2.21 percent. That's just a little bit shy of the five-year Treasury, which is paying 2.3 percent. Better yet, opt for a high-yield five-year CD and you can find yields as high as 3.4 percent.

On the jumbo side, the average one-year yield dropped 1 basis point to 1 percent; and the five-year is off 2 basis points from last week to 2.24 percent.

The average yield for money market accounts gained 1 basis point 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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