Interest Rate Roundup
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 Nov. 10, 2009.


Yields: 0.89 percent (1-year CD yield); 2.2 percent (5-year CD yield)

Short-term CD yields continue to erode while longer-term yields are holding their ground.

This week, the average one-year yield, as surveyed by, fell 2 basis points after dropping 2 basis points last week. It now stands at 0.89 percent. Meanwhile, the average five-year yield remains at 2.2 percent for the second week in a row after gaining 1 basis point the week prior. None of these gyrations really amount to much. Yields are lousy but cautious consumers aren't asking for much more than safety these days.

As usual, the jumbos performed similarly, with the one-year yield lopping off 2 basis points to come in at 0.96 percent, and the five-year now stands at 2.22 percent for the third week in a row.

The average yield for money market accounts stayed at 0.32 percent, where it's been for four weeks.

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.

See all CD interest rate stories.

-- Laura Bruce


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