National CD rates for Sept. 22, 2011

Interest Rate Roundup
CD rate graph
Compare CD rates nationally and in your area.


  • 0.39% (1-year CD yields)
  • 1.31% (5-year CD yields)

Longer-term CD rates took a tumble in this week's rate survey.

The average one-year certificate of deposit yield remains at 0.39 percent. The average five-year CD yield fell 3 basis points to 1.31 percent. A basis point is one-hundredth of 1 percentage point.

On the jumbo end, the average one-year jumbo CD yield is flat at 0.42 percent. The five-year jumbo CD yield is down 2 basis points to 1.36 percent.

The average money market account yield is 0.15 percent.

CD rates will be low for years, but investors have a few alternatives -- though none are great. Claes Bell, Bankrate banking reporter, recently blogged on the CD rates blog about one straightforward way to make up for income lost as a result of low rates: Become a landlord.

Of course, there are a lot more chores involved with managing a rental property, but savers hurting for yield are between a rock and a hard place. With the confluence of low CD rates, a flailing housing market and low mortgage rates, becoming a landlord may be worth considering.




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