Current CD Rates at Banks Remain Near Lows

Current CD rates at banks remain near record lows and we don't anticipate CD rates moving higher anytime soon - at least not in the first half of 2013. In the Federal Deposit Insurance Corporation's Weekly Rate and Rates Cap Survey, average 12 month bank CD rates are at 0.23 percent for the week ending January 7, 2013.

Average 1 year CD interest rates are down 1 basis point from the prior week's average. While average CD rates are very low, some of the best CD rates on 1 year certificates of deposit are many times the average. Currently on our national CD rates list the highest 1 year rates at from Colorado Federal Savings Bank at 1.04 percent with an APY of 1.05 percent.

The best regional CD rates for our list in California, Ally Bank is listed with the top rate at 0.99 percent. Of course the highest regional rates will depend on which banks are listed in your region. You can easily search both national rates and regional rates on our rate tables to ensure you're getting the best rates.

Average 2 year CD rates at banks in this week's FDIC survey are at 0.38 percent, unchanged from the prior week's average rate. The best 2 year CD rates in our rate database are many times the FDIC average. The highest national 2 year CD rate is from CIT Bank at 1.19 percent with an APY of 1.20 percent, more than three times the average rate. The highest 2 year regional CD rate in the state of Florida is from Ally Bank at 1.12 percent with an APY of 1.13 percent.

Average 3 year CD bank rates are at 0.52 percent, also unchanged from the prior week's average rate. The best 36 month CD rates in our national database are more than 2 times the FDIC average. The best rates are from Virtual Bank at 1.30 percent with an APY of 1.31 percent and CIT Bank at 1.29 percent with an APY of 1.30 percent. Below are lists of the top national 1 year, 2 year and 3 year CD rates in our database this week.

1 Year CD Rates at Banks

1. Colorado Federal Savings Bank Rate 1.04% APY 1.05%
2. Discover Bank Rate 1.00% APY 1.00%
3. ableBanking Rate 1.00% APY 1.00%
4. Ally Bank Rate 0.99% APY 0.99%
5. Silvergate Bank Rate 0.95% APY 0.95%

2 Year CD Rates at Banks

1. CIT Bank Rates 1.19% APY 1.20%
2. ableBanking Rates 1.18% APY 1.19%
3. Silvergate Bank Rates 1.15% APY 1.16%
4. Virtual Bank Rates 1.15% APY 1.16%
5. Discover Bank Rates 1.14% APY 1.15%

3 Year CD Rates at Banks

1. Virtual Bank Rates 1.30% APY 1.31%
2. CIT Bank Rates 1.29% APY 1.30%
3. Barclays Bank Rates 1.29% APY 1.30%
4. Discover Bank Rates 1.29% APY 1.30%
5. Ally Bank Rates 1.24% APY 1.25%

All of the banks listed in our CD rates database have deposits insured by the FDIC for the maximum amount allowed by law. You can compare the best rates for all certificate of deposit terms by searching our database of rates.