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


Show Bankrate's community sharing policy
          Connect with us

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Partner Center

Connect with us