National CD rates for Sept. 9, 2010

Interest Rate Roundup
CD rate graph


  • 0.61% (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. 8, 2010.

CD rates continue to fall.

This week's rate survey finds the average one-year CD yield holding on at 0.61 percent, unchanged from last week. The average five-year CD yield is down 1 basis point to 1.71 percent.

Jumbo CDs were a mixed bag. The one-year jumbo CD yield dropped 1 basis point to 0.66 percent and the five-year CD yield gained 1 basis point to come in at 1.72 percent.

The average money market account yield lost 1 basis point this week, putting the average yield at 0.19 percent.

With CD rates at abysmal levels generally, a higher than average rate is sure to attract attention -- and deposits. Struggling banks sometimes offer above-average rates in order to encourage deposits. This recent column from Bankrate's Dr. Don addresses safety concerns investors may have when investing in a one-star bank.

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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