National CD rates for Jan. 27, 2011

Interest Rate Roundup
CD rate graph


  • 0.48% (1-year CD yields)
  • 1.59% (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 Jan. 26, 2011.

After a couple of weeks of scant upward momentum, CD rates inched down.

The average one-year CD yield remains at 0.48 percent for the sixth week in a row, but the five-year CD yield fell 1 basis point to 1.59 percent.

Jumbo CDs followed the same trend with the one-year yield on a jumbo CD at 0.53 percent for the third week in a row. The five-year jumbo yield fell 2 basis points to 1.6 percent.

The average money market account yield is 0.18 percent.

Starbucks began pilot testing smart phone payments at select stores more than a year ago. That program has been expanded to 6,800 more stores, American Banker reported on Jan. 20, "Starbucks serves up mobile payments at another 6,800 stores."

A downloadable application allows customers to have their phones scanned at checkout. The app generates a bar code, which is read by the scanner and the money is taken out of the customer's prepaid account, the story reported.

Wallets may get a lot smaller when payment information is stored in a phone rather than on a plastic card.

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




Show Bankrate's community sharing policy
          Connect with us

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Partner Center

Connect with us