National CD rates for June 23, 2011

Interest Rate Roundup
CD rate graph
Compare CD rates nationally and in your area.


  • 0.44% (1-year CD yields)
  • 1.64% (5-year CD yields)

CD rates dipped a bit in this week's rate survey.

The average one-year CD yield remains unchanged at 0.44 percent. The average five-year CD yield is down 4 basis points to 1.64 percent.

On the jumbo side, the average one-year CD is down 1 basis point to 0.48 percent. The average five-year jumbo CD lost 4 basis points to 1.66 percent.

The typical money market account yield is unchanged at 0.16 percent.

Low rates on savings vehicles such as CDs, savings accounts and money market accounts may be leading people to pay down their mortgages faster. A story on last week, "Skinning the cat: Lousy CD rates trigger big shift to shorter mortgages," posited a link between paltry returns and an increase in the number of homeowners refinancing into shorter mortgages.

According to the story, the number of homeowners who refinanced into 15-year mortgages rose to 29 percent from 11 percent two years ago. Rather than funneling savings into low-yielding savings accounts, many established homeowners are opting for cash-in refinancing to build equity in their homes as they approach retirement.

Use Bankrate's rate tables to find high-yield CDs and high-yield money market accounts.

All deposit products listed with Bankrate are FDIC-insured.

-- Sheyna Steiner




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