National CD rates for Nov. 18, 2010

Interest Rate Roundup
CD rate graph


  • 0.51% (1-year CD yields)
  • 1.51% (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 Nov. 17, 2010.

This week finds CD rates continuing to erode across all terms.

The average one-year CD yield is down 1 basis point to 0.51 percent. The five-year yield is down 2 basis points to 1.51 percent.

For deposits of about $100,000, the one-year jumbo CD yield is down 1 basis point to 0.56 percent. The five-year is down 1 basis point to 1.53 percent.

For the eleventh week in a row, the average money market account yield is 0.19 percent.

According to Dan Geller of Market Rates Insight, the national liquidation point reached the nine-month term in September. The liquidation point is the term length in which illiquid investments such as CDs pay more than money market accounts.

Market Rates Insight found that at the end of September, the national average rate for money market accounts was 0.37 percent; the typical rate on a nine-month CD was 0.36 percent. Why tie up your money when it can earn the same interest in a money market account?

Check Bankrate's rate tables for high-yield CDs and high-yield money market accounts.

All deposit products listed with Bankrate are FDIC-insured.

-- Sheyna Steiner




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