Average Bank CD Rates Down Again This Week

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Current national average bank CD Rates are down again this week. The declines are fractional, there were no big moves down in rates. This trend will probably continue until the second quarter of 2010.

If the economic recovery remains on track CD rates will start heading higher when the Fed starts raising interest rates.

That being said, we continue to recommend staying in shorter term certificate of deposits, terms with six months or less is probably your best bet.

Find the Highest CD Rates in your zip code by searching our CD Rate Tables.

Average Bank CD Rates

• Average 3 month certificate of deposit rates are at 0.563 percent this week, down from the prior week’s average rate of 0.570 percent.
• Average 6 month CD interest rates are at 0.825 percent, down from last week’s average rate of 0.834 percent.
• Average 12 month CD rates are at 1.102 percent, down from the previous week’s average interest rate of 1.113 percent.
• Average 18 month rates are at 1.267 percent, up from last week’s average rate of 1.277 percent.
• 24 month CD rates are averaging 1.578 percent this week, down from the prior week’s average of 1.587 percent.
• 36 month CD interest rates are at 1.895 percent, down from the previous week’s average of 1.902 percent.
• 48 month CDs are averaging 2.118 percent, down from last week’s average rate of 2.125 percent.
• 60 month certificate of deposits are averaging 2.407 percent, down from the prior week’s average rate of 2.413 percent.