National CD rates for Dec. 9, 2010

Interest Rate Roundup
CD rate graph


  • 0.49% (1-year CD yields)
  • 1.5% (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. 8, 2010.

CD rates broke their nonlosing streak in this week's rate survey. All in the survey slipped a bit.

The average one-year CD yield fell 2 basis points to 0.49 percent. Also down 2 basis points, the average five-year CD yield came in at 1.5 percent.

Jumbo CDs also lost some ground. The average one-year jumbo CD yield is down 2 basis points to 0.54 percent. The five-year yield lost 1 basis point to 1.52 percent.

For the 14th week in a row, the average money market account yield is 0.19 percent.

If low rates on savings vehicles have you despairing, there are alternatives. For instance, high-yield checking may be the answer to your rate woes. There are some high-yield checking programs with rates as high as 4 percent. For more alternatives to skimpy savings rates, read "5 ways to beat puny savings account rates."

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

All deposit products listed with Bankrate are FDIC-insured.

-- Sheyna Steiner




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