National CD rates for Dec. 16, 2010

Interest Rate Roundup
CD rate graph


  • 0.49% (1-year CD yields)
  • 1.52% (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 Dec. 15, 2010.

CD rates were all over the place this week.

The average one-year CD yield stayed put at 0.49 percent, but the average five-year CD yield gained ground, rising 2 basis points to 1.52 percent.

Jumbo CDs were also mixed. The average one-year jumbo CD yield is down 1 basis point to 0.53 percent. In contrast, the five-year yield gained 1 basis point to 1.53 percent.

For the 15th week in a row, the average money market account yield stands at 0.19 percent.

Despite rock-bottom rates, consumers are falling all over themselves to increase their deposits at consumer banks, according to an article in American Banker. Total deposits increased by a full trillion dollars in the 36 months preceding October, and that flood of money may be further depressing the yields offered by banks, since they don't necessarily need to offer attractive rates to secure the capital they need, according to the article.

Check Bankrate's rate tables for high-yield CDs and high-yield money market accounts.

All deposit products listed with Bankrate are FDIC-insured.

-- Claes Bell




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