Interest Rate Roundup
National CD rates for May 6, 2010

Here's a look at the state of CD rates from's weekly national survey of large banks and thrifts conducted May 5, 2010.


Yields: 0.71 percent (1-year CD yield); 2.13 percent (5-year CD yield)

CD rates continue to stagnate, though there was some slight change in this week's rate survey.

The average one-year CD yield remained at 0.71 percent for the third week in a row. The average five-year yield fell 1 basis point to 2.13 percent.

On the jumbo side, the yield on the average one-year CD remained at 0.76 percent for the third week in a row. The five-year yield lost one basis point to come in at 2.12 percent.

A basis point is one-one hundredth of a percent.

The average yield on money market accounts according to the Bankrate survey is still 0.23 percent.

On April 30, the FDIC issued a warning to consumers about an e-mail scam purporting to be from the government agency. The scam e-mail arrives with the subject line, "Just for your time" and directs consumers to a website where they can take a survey and receive a credit to their account for $50 -- all consumers need to do is answer five questions and leave their account number.

The FDIC stresses that financial institutions and consumers should not follow the link in the e-mail.

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.

See all CD rates content.

If you're in the market for a new CD, use the Bankrate CD calculator to compute your earnings.

-- Sheyna Steiner


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Product Rate Change Last week
1 Year CD 0.90%  0.02 0.88%
2 Year CD 1.02%  0.01 1.03%
5 Year CD 1.59%  0.01 1.60%
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