CD rates for the best short term, six month term CDs, were little changed for the week ending June 4, 2010. Six month bank CD interest rates changed by the less than 1/100 of a percent for the week based on the survey of the highest national CD rates performed by Selectcdrates.com.

The average rate for the top ten best six month CD rates held at 1.19% by the close of the week, the same average yield found in the previous week. The top six month rates were down slightly but the yield change was so small as to not impact the average interest rate displayed.

The highest six month CD rate available nationally was down by one basis point or 1/100 of a percent on the week. The best six month CD rate is now at 1.25% and is available from two banks, Flagstar Bank and Aurora Bank.

The second best six month bank rate is lower by one basis point. The next best six month rate comes from Shore Bank with an interest rate of 1.24%. The third highest six month CD rate falls four basis points back and can be found at two banks. NOVA Bank and Excel National Bank hold the third position with CDs that earn a rate of 1.20%.

NewDominion Bank follows the duet by NOVA and Excel. The NewDominion Bank CD with a six month terms has an interest rate of 1.17%. Just one basis point beneath this offer is the six month certificate from Goldwater Bank with a CD rate of 1.16%.

Three banks remain on the list of the top ten highest six month CD rates. All three remaining banks promote identical yields. Amtrust Direct, Discover Bank and Colorado Federal Savings Bank CD have interest rates set at 1.15%.

Three banks from the previous week’s list altered their rate offers in the most current survey. The Aurora Bank CD was lower by one basis point as was Shore Bank’s CD and the Ally Bank CD. Ally Bank’s CD reduction minor rate reduction unfortunately pushed the bank off the list of the top ten highest six month CD rates and was replaced by Colorado Federal Savings Bank.

Tags: , , , , , , , ,

No user commented in " CD Interest Rates for 6 Month Bank CDs June 6, 2010 "

Follow-up comment rss or Leave a Trackback

Leave A Reply

 Username (*required)

 Email Address (*private)

 Website (*optional)