National CD rates for Aug. 19, 2010

Interest Rate Roundup
CD rate graph


  • 0.64% (1-year CD yields)
  • 1.84% (5-year CD yields)

Here's a look at the state of CD rates from's weekly national survey of large banks and thrifts conducted Aug. 18, 2010.

CD rates fared poorly in this week's rate survey.

The average one-year CD yield tumbled 3 basis points to 0.64 percent -- a new record low since Bankrate began recording rates in 1983. The five-year CD dropped 4 basis points to 1.84 percent.

On the jumbo side, the one-year CD yield fell 2 basis points to 0.69 percent. The five-year CD fell 2 basis points to 1.83 percent.

The average money market account yield remains 0.2 percent for the third week in a row.

According to Bankrate's Dr. Don, a bond strategy that can pay off for CDs is to buy a longer-term CD than you need, simply for a higher yield, and then pay the withdrawal penalty once you've earned enough interest to profit (called "riding the yield curve").

For some of the best returns available across the country, check Bankrate's high-yield CDs and high-yield money market account tables.

All deposit products listed with Bankrate are FDIC-insured.

-- Sheyna Steiner




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