National CD rates for Sept. 16, 2010

Interest Rate Roundup
CD rate graph


  • 0.6% (1-year CD yields)
  • 1.71% (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 Sept. 15, 2010

This week CD rates continue to inch downward.

The typical one-year CD yield is back down 1 basis point to 0.6 percent. The typical five-year yield is 1.71 percent for the second week in a row.

For a jumbo CD, the average one-year yield is down 1 basis point to 0.65 percent. The yield on a five-year jumbo CD fell 2 basis points to 1.7 percent.

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

A recent survey from New York Life Insurance Company has found that 46 percent of Americans are taking less risk than they did before the recession and more than a quarter, 26 percent, are taking much less risk than they did in the boom times.

Even the extremely risk-averse need a place to park their money and that is where certificates of deposit might come in. CDs offer a fixed interest rate for a set amount of time plus an FDIC guarantee.

Find out the strength of your bank with Bankrate's Safe and Sound ratings tool.

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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