National CD rates for July 15, 2010

Interest Rate Roundup
CD rate graph


  • 0.68% (1-year CD yields)
  • 1.99% (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 July 14, 2010.

CD rates continued to slip in this week's rate survey of the top banks and thrifts across the country.

The yield on the average one-year CD has not changed since last week; it remains 0.68 percent. The average five-year CD yield lost 1 basis point to 1.99 percent.

For jumbo CDs, the average one-year yield is down 1 basis point to 0.72 percent. The five-year yield fell 2 basis points to 1.97 percent.

If you're looking for a money market account, the average yield remains at 0.21 percent.

While usually lauded as the antidote to big banks, credit unions can't help CD rates. According to Michelle Samaad, writing for The Credit Union Times, CD rates at credit unions are down 73 basis points over the past year.

The statistics come from CUNA Mutual Group's June Credit Union Trends Report, and the group reports that it is a 5.7 percent annual decline.

For some of the best returns available across the country, check Bankrate's high-yield CDs and high-yield money market account tables.

All deposit products listed with Bankrate are FDIC-insured.

-- Sheyna Steiner




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