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




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Product Rate Change Last week
1 Year CD 0.90%  0.02 0.88%
2 Year CD 1.02%  0.01 1.03%
5 Year CD 1.59%  0.01 1.60%
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