National CD rates for Jan. 6, 2011

Interest Rate Roundup
CD rate graph


  • 0.48% (1-year CD yields)
  • 1.57% (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. 5, 2011.

It is another relatively good week for CD rates. In this case, relatively good means CD rates did not go down and even went up in one case.

The average one-year CD yield remains 0.48 percent for the third week in a row. The typical five-year CD yield rose 1 basis point to 1.57 percent.

For a one-year jumbo CD, the yield remains at last week's rate of 0.53 percent. The average five-year jumbo CD yield is 1.57 percent for the second week in a row.

The average money market yield is 0.19 percent for the 18th week.

Debit cards may come with new fees this year as banks search for new revenue streams. Recent regulations have pinched fee income generated from overdraft protection, and interchange fees -- which is what banks charge for using debit cards at cash registers and the like -- may soon be squeezed as well.

In 2011, debit cards may have annual fees of $25 or $30, The Wall Street Journal reported on Wednesday in an article titled, "At banks, new fees replacing old levies."

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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