National CD rates for Dec. 15, 2011

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


  • 0.35% (1-year CD yields)
  • 1.17% (5-year CD yields)

The most recent survey of rates on certificates of deposit is exactly the same as the last, with no change in any maturities.

The average one-year CD yield is 0.35 percent. The five-year yield is 1.17 percent for the third consecutive week.

For deposits of $100,000, the average one-year jumbo CD yield is 0.39 percent for the third week. The five-year jumbo yield is 1.2 percent, also for the third week in a row.

The average money market account remains 0.14 percent.

A story on the Financial Times website reported that there has been a drop in deposits at foreign-owned banks. According to the story, deposits at nondomestic banks in the U.S. have fallen 25 percent since May, and that could be due to a couple of factors.

The first hypothesis is that global volatility has spurred a flight to safety. The second theory is that low interest rates have scared away many prospective customers. According to the story, foreign banks typically offer better interest rates on CDs, but in the ultra-low rate environment, savers have lost their appetites for time deposits altogether.

"Time deposits of more than $100,000 at foreign banks have fallen more than 30 percent since late May," the Financial Times reports.




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