Current CD Rates – March 30, 2010

The direction of CD rates was mixed this week over last. Surprisingly, there were no week over week declines. Of the eight certificate of deposit terms we track, three were unchanged and five were higher.

The largest increase in average rates was with 36 month certificates of deposit. Average 36 month CD rates increased to 1.899 percent this week, up from the prior week's average of 1.645 percent.

Current CD Rates

• 3 month CD rates at banks are averaging 0.479 percent this week, up from the prior week’s average rate of 0.462 percent.
• 6 month CD rates are average at 0.765 percent, unchanged from last week’s average CD interest rate. First Century Bank is offering one of the best CD rates for a 6 month CD.  Their current rate is 1.74 percent with an APY of 1.75 percent.
• 12 month bank CD interest rates are averaging 1.032 percent, up from the previous average CD rate of 0.960 percent.
• 18 month interest CD rates are averaging 1.222 percent, unchanged from the prior week’s average CD rate.
• 24 month CD rates at banks are averaging 1.480 percent this week, up from the previous week’s average of 1.446 percent.
• 36 month banks CD rates are averaging 1.899 percent, up from the prior week’s average of 1.645 percent.
• 48 month bank CD rates are averaging 2.087  percent, unchanged from last week’s average rate of 2.087 percent.
• 60 month CD rates are averaging 2.393 percent, up from the prior week’s average of 2.328 percent.