National CD rates for Sept. 29, 2011

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Compare CD rates nationally and in your area.


  • 0.38% (1-year CD yields)
  • 1.26% (5-year CD yields)

Certificate of deposit rates took a tumble this week.

The average one-year CD yield is down 1 basis point to 0.38 percent. The average five-year yield fell 5 basis points to 1.26 percent. A basis point is one-hundredth of 1 percentage point.

For deposits of $100,000, the average one-year jumbo CD yield is unchanged at 0.42 percent. The five-year jumbo yield is down 6 basis points to 1.3 percent.

The average money market account is flat at 0.15 percent.

The ability to make payments with a mobile phone is low on the list of consumer desires due to a perceived lack of safety. The absence of demand could hamstring mobile-payment projects, according to a recent article on

The topic of consumers' trust issues came up at a payments symposium hosted by the Federal Reserve Bank of Chicago. Even though banking clients are leery, banks may be able to learn from Internet superstars such as PayPal, Amazon and Google, which have successfully convinced consumers of the safety of their payment systems.




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