At the close of Tuesday, Treasury rates were little changed.  Short term rates ticked up slightly while longer term rates were even to modestly lower.

The six month Treasury rate moved up by one basis point or 1/100 of a percent for the day to close at 0.19%.  The yield on the one year Treasury also increased by one basis point, ending the day with a rate of 0.41%.  The five year treasury rate joined along with an increase in yield of one basis point bringing the interest rate up to 2.34%.  The ten year Treasury held steady maintaining a yield of 3.31% for the day.

This week has seen some minor changes coming to the top ten bank CD rates available nationally.  Bank of Internet has increased the rate on their one year CD, at this point the bank CD rate increase to 2.10% moves the rate up to the second best CD rate available with a one year term.  La Jolla Bank has also reduced the rate on their six month CD.  The new six month CD rate is now 1.75% pushing that offer beneath Ascencia Bank which is now the top six month CD rate available nationally. 

Other interesting developments are the CD rate increases by Flagstar Bank.  Flagstar Bank was a frequent top bank rate participant in early 2008 and then reduced their CD rate offers below a rate that was competitive with the best bank CD interest rates.  Now, once again Flagstar is offering very competitive CD rates especially on the long term, five year CD rates.

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