National CD rates for Nov. 17, 2011

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


  • 0.35% (1-year CD yields)
  • 1.19% (5-year CD yields)

Rates on certificates of deposit are mostly unchanged from last week's survey.

The average one-year CD yield is 0.35 percent for the third week in a row. The average five-year CD yield is unchanged at 1.19 percent, also for the third week.

Larger deposits won't fare much better. The average one-year jumbo CD yield is 0.4 percent. The average five-year jumbo CD yield is down 1 basis point to 1.22 percent. A basis point is one-hundredth of 1 percentage point.

The average money market account yield remains at 0.14 percent.

If it seems as though banks have been fighting to win the title of the lowest possible CD rates, that impression is correct. A recent story about the bank transfer movement on the American Banker website reports that banks officially have more money than they know what to do with.

"We keep driving down the rates on our deposits, but every time we do that it seems like more deposits come in. It has gotten to the point that customers don't even shop around for rates anymore," says Michael Bauer, the chief credit officer at Community Bank Shares in New Albany, Ind., in the Nov. 9 story, "Want to make a banker's day? Yank your deposits."

Want to stick it to the big banks? The story suggests you "consider bringing that cash back and opening a CD."




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