CD Rates This Week: Highest CD Rates on 1 Year Certificates of Deposit at 1.05% APY

CD rates are stable this week as equity markets and commodity markets move lower on concerns of slower growth. Average 1 year bank CD rates are at 0.60%, down from last week's average 1 year CD rate of 0.63 percent. The best CD rates on in our 1 year certificates of deposit remain unchanged this week. The best rates in database are from GE Capital Retail Bank at 1.04 percent with an APY of 1.05 percent.

3 month CD interest rates are averaging 0.30 percent, unchanged from last week's average 3 month rate. The highest 3 month CD rates in our database this week are from Ever Bank at 0.56 percent. Ever Bank also topped our 3 month list last week with the same rate. The second highest CD rates in our 3 month database of rates this week are from E-Loan at 0.50 percent.

6 month CD rates are averaging 0.34 percent, down from last week's average rate of 0.35 percent. The best CD rates in our 6 month certificate of deposit database are more than double the average rate. The bank offering the best rate is Doral Bank Direct at 0.88 percent. The second best rate in our database is from Discover Bank at 0.75 percent.

The current national average 24 month CD rate is at 0.82 percent, down from last week's average of 0.84 percent. The highest 24 month CD rates at banks in our database are from CIT Bank at 1.19 percent with an APY of 1.20 percent. The second best rate in our database is from Virtual Bank at 1.15 percent with an APY of 1.20 percent.

Average 5 year CD rates this week are at 1.18 percent, down considerably from last week's average 5 year CD rate of 1.27 percent. The best 5 year CD rates in our database are from Nationwide Bank at 1.69 percent with an APY of 1.70 percent. The second highest 60 month rate in our database is from The National Republic Bank of Chicago at 1.65 percent with an APY of 1.66 percent.