National CD rates for June 17, 2010

Interest Rate Roundup
CD rate graph


  • 0.69% (1-year CD yields)
  • 2.05% (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 June 16, 2010.

Just when you thought CD rates couldn't go any lower, the bar drops again.

Setting a new record low, the average one-year CD lost 1 basis point to 0.69 percent this week. Bankrate began tracking the one-year CD rate in October 1983. The average five-year CD yield is 2.05 percent for the second week in a row.

On the jumbo side, the one-year CD yield held tight to 0.74 percent. The average yield on a jumbo five-year CD is down 1 basis point to 2.03 percent.

The yield on the typical money market account is still 0.22 percent.

On Tuesday, lawmakers in the House of Representatives voted to permanently increase the FDIC insurance limit to $250,000. Not only that, but the increase is retroactive to the beginning of 2008, reported.

The current limit of $250,000 was approved in May 2009 and was scheduled to sunset at the end of 2013, according to the FDIC website.

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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