Bank certificate of deposit rates were lower on the short term maturities once again while the longer term CD rates showed mixed results for the week.  Six month maturities and one year maturities were all lower in yield while the two year term CD was unchanged and the five year maturities experienced an increase in yield for the week ending November 20, 2009.

The average of the best six month CD rates was down by one basis point or 1 /100 of a percent for the week, bringing the average yield down to 1.55% from 1.56% in the prior week.  The highest CD rate available nationally dropped by three basis points leaving the top rate at 1.63%.  The best six month CD rate is available at more than one bank including FirstFed Direct, The Palladian Private Bank and UFB Direct.

The average of the best one year CD rates fell by four basis points, sending the average interest rate on this term bank CD to 1.97% from 2.01% in the previous week.  The highest one year CD rate however, was unchanged for the week holding at 2.10%.  The highest one year CD rate comes from UmbrellaBank.com.

Two year CD rates, on average, made it through the week unscathed.  The average of the best two year CD rates available nationally remained unchanged at 2.28%.  The highest two year CD rate was also unaltered with a CD interest rate of 2.40%.  The 2.40% CD rate continues to be promoted by Atlantic Coast Bank.

Five year CD rates increased in yield for the week.  The average interest rate on the best five year bank CDs available nationally increased by three basis points pushing the yield up to 3.39% from 3.36% in the previous week.  The highest five year CD rate was unchanged on the week at 3.55%.  The best five year CD rate is marketed by Goldwater Savings Bank in Arizona.

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