Current CD rates are so low these days finding the best CD rates isn’t an easy thing to do. The national average CD rates seem to go down every week. Will there by any end in sight? There just might be. The Federal Reserve is poised to raise the Fed Funds rate before the end of 2010. Once the Fed Funds rate heads higher banks and credit unions will raise CD rates and savings account rates.

Searching for the highest CD rates at banks and credit unions? Use our CD rate tables at CDRates.MonitorBankRates.com to find the highest CD interest rates.

The current national average 3 month CD rate is averaging 0.40 percent this week. Not much of a return for your money. The current 12 month CD rate is averaging 0.86 percent this week. Longer term CD rates aren’t much better. The current national average 60 month CD rate is averaging 2.24 percent.

Of course you can find CD rates higher than the national average rates. We have compiled a list of the best CD rates from banks and credit unions in California. Our best CD rates list in CA includes 3 month CD interest rates, 6 month CD interest rates and 12 month CD interest rates.

The highest 3 month CD rate on our list of best CD rates is from Luther Burbank Savings. The bank’s current 3 month bank CD rate is 0.90 percent with an annual percentage yield (APY) of 0.90 percent. Next on the list of the best 3 month CD rates is EverBank. Everbank's 3 month CD interest rate is 0.75 percent with an APY of 0.75 percent.

Flagstar Bankhas the highest 6 month CD interest rate on our best 6 month CD rates. Flagstar bank is currently offering 6 month bank CD rates at 1.24 percent with an APY of 1.25 percent. Discover Bank is next on the list with a 6 month CD rate of 1.14 percent with an APY of 1.15 percent.

Flagstar Bank and Sallie Mae Bank have the best 12 month bank CD rates. Both banks are currently offering 12 month CD rates at 1.54 percent with an APY of 1.55 percent.

Best CD Rates in California

Best 3 month CD Rates and CD Yields

• Luther Burbank Savings CD Rates 0.90% APY 0.90% Min $1000     
• EverBank 0.75% APY Min $1500    
• BankDirect 0.75% APY Min $10,000      
• Nationwide Bank 0.75% APY Min $10,000     
• Ally Bank 0.74% APY Min $ 1      
• First Federal Bank of California CD Rates 0.70% APY 0.70% Min $500      
• La Jolla Bank 0.70% APY Min $10,000     
• Discover Bank CD Interest Rates 0.65% APY Min $2500    
• Giantbank.com 0.65% APY Min $2500 0     
• Bank of the Sierra 0.59% APY Min $1000 Additional deposits can be made at any time.
• First Internet Bank of IN 0.50% APY Min $1000 Not available for IRA.
• CapitalSource Bank CD Rates 0.50% APY 0.50% Min $10,000 

Best 6 month CD Rates and CD Yields

• Flagstar Bank 1.25% APY Min $500  
• Discover Bank 1.15% APY Min $2500   
• Ally Bank 1.14% APY Min $ 1     
• Giantbank.com 1.11% APY Min $2500     
• AIG Bank 1.06% APY Min $2500      
• Nationwide Bank Compare CD Rates 1.05% APY Min $10,000      
• PenFed  1.02% APY Min $1000      
• First Federal Bank of California 1.00% APY Min $500     
• Luther Burbank Savings 1.00% APY Min $1000      
• American Express Bank FSB 1.00% APY Min $ 0     
• La Jolla Bank 1.00% APY Min $10,000  

Best 12 month CD Rates and CD Yields

• Sallie Mae 1.55% APY Min $ 1  
• Flagstar Bank 1.55% APY Min $500    
• Bank of Internet USA 1.54% APY Min $1000     
• Discover Bank 1.50% APY Min $2500    
• American Express Bank 1.50% APY Min $ 0     
• Tennessee Commerce Bank 1.50% APY Min $2500     
• Ally Bank 1.49% APY Min $ 1      
• AIG Bank 1.49% APY Min $2500      
• Giantbank.com 1.46% APY Min $2500      
• First Federal Bank of California 1.40% APY Min $10,000    
• Nationwide Bank 1.40% APY Min $10,000     
• La Jolla Bank 1.40% APY Min $10,000     
• Pentagon Federal Credit Union 1.37% APY Min $1000   
• EverBank 1.24% APY Min $1500  
• Luther Burbank Savings 1.20% APY Min $1000     
• BankDirect 1.11% APY Min $10,000     
• Allstate Bank 1.01% APY Min $1000    
• CapitalSource Bank 1.01% APY Min $10,000      
• ING DIRECT Orange CD Rates 1.00% APY Min $ 1      
• First Internet Bank of IN 1.00% APY Min $1000