National CD rates for June 24, 2010

Interest Rate Roundup
CD rate graph


  • 0.7% (1-year CD yields)
  • 2.02% (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 23, 2010.

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

This week the average one-year CD ticked up 1 basis point from the record low it hit last week, to a paltry 0.7 percent. But the average five-year CD yield lost ground, dropping 3 basis points to 2.02 percent.

On the jumbo side, the one-year CD yield stayed at 0.74 percent. The average yield on a jumbo five-year CD is down 2 basis points to 2.01 percent.

The yield on the typical money market account fell 1 basis point from last week's already low levels, to 0.21 percent.

Yesterday, savers got some bad news: As expected, the Fed decided to keep interest rates near zero percent, which should in turn keep CD rates at their current low level for the time being.

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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