Average CD Rates for December 15th, 2019

Average CD rates for December 15th, 2019, are lower for both short-term and long-term certificates of deposit while the best CD rates available remain unchanged. We expect average CD rates to continue a gradual downward trend in 2010. Current 12-month CD rates are averaging 1.87 percent, a sharp decline from an average rate of 1.92 percent set on December 11th. The best 12-month CD rates on our rate table remain unchanged at 2.13 percent with an APY of 2.15 percent.

6-month CD rates are currently averaging 1.22 percent, down from an average 6-month rate of 1.26 percent set last Wednesday. The highest CD rates on 6-month certificates of deposit jumped considerably higher because of a new entry on our rate list. TotalDirectBank CD rates are the best 6-month CD rate on our list at 2.03 percent with an APY of 2.05 percent.

Average CD Rates for December 15th, 2019

• 3-Month 0.72% down 5 bps
• 6-Month 1.22% down 4 bps
• 12-Month 1.87% down 5 bps
• 24-Month 1.92% down 2 bps
• 60-Month 1.97% down 6 bps

Best CD Rates for December 15th, 2019

• 3-Month 2.00% up 35 bps TotalBankDirect
• 6-Month 2.05% up 20 bps TotalBankDirect
• 12-Month 2.15% unchanged Live Oak Bank, Cross River Bank and Barclays
• 24-Month 2.25% up 10 bps Cross River Bank
• 36-Month 2.40% up 25 bps Cross River Bank
• 48-Month 2.45% up 25 bps Cross River Bank
• 60-Month 2.25% unchanged Northpointe Bank, Synchrony Bank, Live Oak, and Citizens Access

As you can see from the lists above, average CD rates for December 15th, 2019, are lower. The big uptick in the best CD rates available on our rate list is because TotalBankDirect is a new entry on the list and Cross River Bank increased their CD rates. To get the best deal on a certificate of deposit compare online CD rates at MonitorBankRates.com.