Bank CD Rates – January 5, 2009

Bank CD rates declined again this week. The average CD rate for a 12 month certificate of deposit declined to 1.043 percent this week. Down from the prior week's average CD rate of 1.051 percent.

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Using our CD rate tables, we found First Federal Bank of California is offering a 12 month certificate of deposit that has an annual percentage yield (APY) of 1.90 percent. Discover Bank is also offering a 12 month CD that has a yield of 1.85 percent.

The average 3 month CD rate is also down again this week. The current average 3 month CD rate at banks is 0.522 percent. La Jolla Bank of California is offering one of the best CD rates and CD yields for a 3 month CD, their current yield is 1.25 percent, more than double the average 3 month rate.

Bank CD Rates

3 month rates are at 0.522 percent this week, down from the prior week’s average rate of 0.527 percent.

6 month CD interest rates are at 0.768 percent, up from last week’s average rate of 0.775 percent.

12 month certificate of deposit rates are averaging 1.043 percent, down from the previous week’s average rate of 1.051 percent.

18 month CD rates are averaging 1.212 percent, down from the prior week’s average rate of 1.217 percent.

24 month rates are averaging 1.518 percent this week, down from last week’s average of 1.524 percent.

36 month CD interest ratesare at 1.847 percent, down from the previous week’s average of 1.849 percent.

48 month CD rates are averaging 2.072 percent, down from prior week’s average rate of 2.075 percent.

60 month certificate of deposits are averaging 2.360 percent, up from last week’s average rate of 2.356 percent.

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