CD Rates Stable as Long Term U.S. Treasury Yields Tumble
CD rates have remained stable over the past month as 10 year U.S. Treasury yields have fallen almost 15 percent over the past month. 12 month CD rates at banks are averaging 0.63 percent this week, up slightly from last week's average 12 month CD rate of 0.60 percent. Last month at this time average 1 year bank CD rates were around 0.65 percent.
During the same time last month, 10 year U.S. Treasury yields moved above 2.00 percent after a strong employment report was released. Today 10 year Treasury yields are averaging 1.78 percent, a 27 basis point decline in a month. If yields continue to decline we also expect deposit rates to decline.
Currently in our database of 1 year certificates of deposit the best CD rates are from GE Capital Retail Bank at 1.04 percent with an annual percentage yield (APY) of 1.05 percent. We also have other banks offering 1 year rates well above the national average including OneWest Bank and Home Savings Bank both offering 1 year rates at 1.00 percent with an APY of 1.00 percent.
Other bank CD rates that are really good deals right now include Doral Bank Direct offering a 6 month CD rate at 0.88 percent with an APY of 0.88 percent. Doral Bank Direct's 6 month rate is higher than most 12 month CD bank rates available right now. The FDIC national average 6 month CD rate this week is much lower at 0.13 percent.
Below is a list of the top CD rates for all the certificate of deposit terms in our rate database this week:
CD CalculatorsCD Ladder Calculator
Recent CD Rate Articles
Savings RatesSavings Accounts
Bank Savings Accounts
Credit Union Savings Accounts
Mortgage RatesMortgage Refinance Rates
Bank Mortgage Rates
Credit Union Mortgage Rates
CD Rate Archives
CD InformationJumbo CD Rates
Using a CD Calculator
FDIC Certificate of Deposit Insurance up to $50 Million
Direction of CD Rates in 2010
Historical CD RatesCD Rates from American Express Bank
Top 12 Month CD Rates
Top 18 Month CD Rates
Three Month CD Rates and CD Yields
AIG Bank CD Rates
Bank CD Rates - January 5, 2009
Ally Bank CD Rates
Discover Bank CD Rates
ING Direct CD Rates
Average CD Rates
CD Rates - Current 12 Month Bank CD Rates