Bank CD rates updated weekly. Certificate of deposit rates for the best six month CD rates, one year CD rates, two year CD rates and five year CD rates available nationally. CD rate comparison of the top ten highest CD rates by maturity with interest rate trend analysis.

CD Rates Move Slightly Higher After Fed Raises Rates

CD Rates Climb Ahead of Fed Meeting

Mid Term CD Rates Climb Higher

Stock Market Turmoil Has No Affect on CD Rates

High Yielding CD Rates Little Changed After Stock Market Slips

CD Rates Step Higher in June

CD Rates Dip After Fed Meeting

CD Rates Down but Not Out

The Best CD Rates Off Slightly in January

The Best CD Rates Look Sweet Compared to the Alternatives

Best CD Rates for the New Year

Best CD Rates Christmas Week

Top CD Rates Make Small Slide

Best CD Rates Hold But Remain Elevated

Top CD Rates Racing Ahead of National Averages

CD Rates Pop Higher

Bank CD Rates Stirring in August

CD Rates Higher after July 4th Holiday

CD Rates Make Modest Uptick Mid June

CD Rates Wander through Memorial Day

CD Rates Show Little Emotion after Monthly Jobs Report

Long Term CD Rates Slide While Short Rates Hold

CD Rates are Bumped Up as Fed Seen on Hold

CD Rates Move Higher Even with the Fed Announcement

Bank CD Rates Move Up on the Long End in Mid August

Bank CD Rates Tick Slightly Higher at Start of July, 2013

Bank CD Rates Show Little Change for the Week Ending June 10, 2013

CD Rates Entering Final Days of April Off Just Slightly

CD Rates Start the Month of April Off Just Slightly

CD Interest Rates March Higher April 1, 2013

CD Interest Rates Dip Down March 11, 2013

The Best CD Interest Rates Slip Again February 25, 2013

CD Interest Rates Slide Slightly January 14, 2013

CD Interest Rates Down For a Second Time December 10, 2012

CD Interest Rates Slip Slightly December 3, 2012

CD Interest Rates Up During a Down Week for Bank Rates November 12, 2012

CD Interest Rates Fractionally Lower October 15, 2012

CD Interest Rates Off Ever So Slightly September 3, 2012

CD Interest Rates Hold Steady August 20, 2012

CD Rates Experience Slow Climb for July 9, 2012

CD Interest Rates Show Slight Drop July 2, 2012

CD Interest Rates Make Second Weekly Gain for June 25, 2012

CD Interest Rates Display Minor Rise for June 18, 2012

Bank CD Rates Show Modest Rise April 30, 2012

Bank CD Rates Down So Slightly April 9, 2012

Little Action in Bank CD Rates March 19, 2012

CD Rates Almost Still March 5, 2012

CD Rates Nudge Slightly Lower February 27, 2012

CD Rates Slightly Off February 20, 2012

CD Interest Rates Decidedly Lower February 13, 2012

CD Interest Rates Mildly Lower January 30, 2012

CD Interest Rates Hold Steady January 23, 2012

CD Interest Rates Display Little Change January 16, 2012

CD Interest Rates Slide The First Full Week of the Year January 9, 2012

CD Interest Rates No Change January 2, 2012

CD Interest Rates Mostly Stable December 26, 2011

CD Interest Rates Show Minor Dip December 5, 2011

CD Interest Move Lower November 21, 2011

CD Interest Rates Hold November 14, 2011

CD Interest Rates Continue to Dip Lower November 7, 2011

CD Interest Rates Experience Modest Losses October 31, 2011

CD Interest Rates Dip Again October 24, 2011

Top CD Interest Rates October 17, 2011

The Best CD Interest Rates October 10, 2011

CD Interest Rates Lower October 3rd, 2011

Top CD Interest Rates Twisted September 26, 2011

CD Interest Rates September 19, 2011

Best CD Interest Rates September 12, 2011

Top CD Interest Rates September 6, 2011

Best CD Interest Rates August 29, 2011

The Best CD Interest Rates August 22th, 2011

CD Interest Rates August 15th, 2011

CD Interest Rates August 8th, 2011

CD Interest Rates August 1, 2011

Best CD Interest Rates July 25, 2011

CD Interest Rates July 18, 2011

Bank CD Rates July 11, 2011

CD Interest Rates June 27, 2011

Interest Rates on CDs June 6, 2011

The Highest CD Rates May 23, 2011

The Best CD Interest Rates May 9, 2011

CD Interest Rates Continue to Fall July 19, 2010

Bank CD Interest Rates June 21, 2010

Bank Certificate of Deposit Rates June 14, 2010

Stable CD Interest Rates June 7, 2010

National CD Interest Rates June 1, 2010

The Best Bank CD Interest Rates May 24, 2010

Highest Bank CD Interest Rates May 17, 2010

CD Interest Rates May 10, 2010

Bank CD Interest Rates April 26, 2010

Bank CD Interest Rates April 19, 2010

Certificate of Deposit Interest Rates April 12, 2010

Certificate of Deposit Interest Rates April 5, 2010

CD Interest Rates March 29, 2010

Certificate of Deposit Interest Rates March 22, 2010

Certificate of Deposit Rates March 15, 2010

Certificate of Deposit Interest Rates March 8, 2010

Bank Certificate of Deposit Rates February 22, 2010

CD Interest Rates February 15, 2010

Certificate of Deposit Interest Rates February 8, 2010

Certificate of Deposit Rates February 1, 2010

Certificate of Deposit Rates Fall Again January 25, 2010

CD Interest Rates January 18, 2010

Bank CD Rates January 8, 2010

Bank CD Rates for the Week Ending December 11, 2009

Certificate of Deposit Rates November 27, 2009

Bank CD Rates for the Week Ending November 20, 2009

CD Interest Rates November 13, 2009

Bank CD Rates November 6, 2009

Bank CD Rates October 29, 2009

Bank CD Rates Update October 23, 2009

The Best CD Rates for the Week Ending October 16, 2009

Bank CD Rates for the Week Ending October 9, 2009

Bank CD Rates and Specials

Bank CD Rates October 2, 2009

CD Interest Rates for the Week Ending September 25, 2009

The Best CD Rates for the Week Ending September 18, 2009

CD Interest Rates for the Week Ending September 11, 2009

Bank CD Rates September 4, 2009

CD Interest Rates for the Week Ending August 28, 2009

The Best CD Rates for the Week of August 21, 2009

Best CD Rates for the Week Ending August 14, 2009

Certificate of Deposit Rates for the Week of Aug. 7, 2009

CD Rates for the week ending July 31, 2009

Certificate of Deposit Rates for July 3, 2009

National CD Rates for June 26, 2009

CD Rates for the week ending June 19, 2009

The Best CD Rates for the week of June 12, 2009

Certificate of Deposit Rates for the Week Ending June 5, 2009

Certificate of Deposit Rates for the Week Ending May 29, 2009

CD Rates for the Week of May 22, 2009

CD Rates for the Week Ending May 15, 2009

The Best CD Rates Updated for the Week Ending May 8, 2009

The Best CD Rates Updated for the Week Ending May 1, 2009

The Best National CD Rates Update Week Ending April 24, 2009

CD Rates Update Week Ending April 17, 2009

CD Rates Update Week Ending April 10, 2009

CD Rates Update February 18, 2009

CD Rates Move Slightly Higher After Fed Raises Rates

As expected, the Federal Reserve announced another rate increase on March 15, 2017.  The reaction by bank and bond rates to the Feds rate move was somewhat fickle.  While some investors are becoming increasingly worried that the long trend of lower bank rates has been reversed, the impact in the bond and interest rate markets regarding the Fed announcement was mostly muted.

The top yielding bank certificate of deposit rates moved marginally higher following the ¼% rate increases put forth by the Federal Reserve.  But, with the fed funds rate change already baked into the market, the bond market barely budged after the Fed announcement.  In fact, bond yields did not move in conjunction with the top CD rates and were mostly lower shortly after the Fed ratcheted up short term interest rates.

At the close of business on the day of the fed funds rate increase, the six month Treasury bill dropped to 0.89% from 0.93% the day before.  The one year Treasury rate declined to 1.02% from 1.06%.  And the ten year Treasury bond gave up nine basis points or 0.09% to end the day at 2.51%.

Average yields on most bank CDs didn’t match the dip in Treasury bond yields but also didn’t follow high yielding CDs.  Bank CD rates were little changed, on average, after the Fed announcement.  The average rate on a six month bank CDs, one year bank CDs, and five year CDs were all unchanged after the Fed’s rate increase.  The six month rate held at 0.14%, one year rates were unchanged at 0.24%, and the five year remained at 0.79%. (Average bank rate data obtained from the FDIC, www.fdic.gov/regulations/resources/rates)

Of course, not all bank CD rates are created equal.  The top performing CD accounts did experience a mild uptick during the week that ended March 17, 2017.

The top ten highest six month CD rates inched closer to the 1.00% yield mark with average rate reaching 0.959%.  The best one year CD rates also inched higher with the average yield climbing to 1.379%.  Two year CD rates were mostly unchanged with an average rate of return of 1.563%.  Long term, five year CD rates, also moved to the upside with the average interest rate hitting 2.126%.

Wednesday’s rate hike was widely expected, stock and bond investors watching the Fed news were looking for clues about just how aggressive the central bank may be in the near future.  Information supplied by the Fed indicated that there will be three more rate increases in 2017.

Some observers may consider the projected rate increase as an aggressive position by the Fed but big institutional investors looked at the Fed’s stance as not particularly assertive and even moderately dovish.

A dovish position by the Fed combined with very little hard evidence of overly strong economic growth in the U.S., is helping to keep a lid on bank rates.

More information on the banks and bank rates in the current rate survey conducted by SelectCDrates.com can be found at the following top ten lists:  three month CD ratesnine month CD rates, three year CD rates, and four year CD rates.

CD Rates Climb Ahead of Fed Meeting

Bank certificate of deposit rates made another move higher just days before the Fed makes their last announcement of the year on the direction of interest rates.  The overwhelming majority of market participants are expecting the Fed to jack up short term interest rates at the end of their two day meeting on December 16, 2016.

Dec. 16 is the date when the Fed concludes a two day meeting of the Federal Open Market Committee (FOMC).  It’s the FOMC that sets the fed fund target rate, which has kept the target at rate at next to zero since 2008.

CD rates have been inching higher very slowly for several weeks preceding to this week’s Fed meeting.  Rates have now jumped again just days, if not hours, before the Fed makes their announcement with more than a few top performing banks, banks that offer high yields CDs on a consistent basis, upping their certificate yields.

As of December 14, the SelectCDrates.com CD rate index has climbed to 1.243%, a rise of 8/1000ths of a percent from the previous week.  The current average rate in the index is up just over one basis point, 0.011%, from the end of November and 7.2 basis points since the start of the year.  One basis point is equal to 1/100th of a percent.

Rate increases in the past five days were seen on a number of bank CD accounts that regularly make the list of the top ten best CD rates available nationally.  Jumps in CD rates, big and small, showed up on EverBank CDs, Alostar Bank CDs, CalFirst Bank CDs, CIT Bank CDs, and the CDs offered by BAC Florida Bank.

The rate spikes were fairly wide spread, covering six month term CDs, one year CDs, two year CDs, and five year CDs.  The only term in the CD rate index not affected by changes taking place before the Fed meeting this week were the short term, three month bank certificates.

The upward movement in bank rates prior to a Fed interest rate move is not uncommon.  Market forces often lead the Fed to some extent, quite possibly as a result of the press announcements or interviews with Fed members that telegraph the impending rate changes.

Once the Fed rate hike is officially announced, savings rates as well as borrowing rates are sure to move even higher.  The impact from this particular Fed action could have more long term follow through in the interest rate market since the Fed has kept its benchmark interest rate, the fed funds rate, at a range between zero and one-quarter percent for almost ten years.

Mid Term CD Rates Climb Higher

Certificate of deposit rates were little changed overall for the last full week of September but, CD rates were not entirely without their drama.  Midterm certificates, accounts with maturities of one and two years in length, moved up with a bit of gusto.  The average rate on the top ten one year CDs and two year CDs were higher by one basis point or 0.01 percent on the week.  The rate increase found on these account comes only a week after the Federal Reserve chose not to make a call for higher interest rates.

Rising CD rates are generally a good sign that economic activity is on the upswing.  Competition among the top yielding accounts is an indication that these financial institutions are in need of additional funds to finance increased or new lending activities.  Of course, there are times in the economic cycle when CD rates rise during times of weakness when banks are struggling financially and bank executives engage in crazy promotions to support risky ventures.  However, U.S. economic growth is far from teetering on recession and some sectors of the economy are showing rather robust growth. 

SelectCDrates.com surveys hundreds of banks every week to compile lists of the top ten best CD rates by maturity.  Over the years there have been prolonged periods when the top CD rates are dominating by a handful of banks and financial institutions.  Through most of 2015, the banks offering the highest CD rates have changed by less than 20 percent, with many of the same names rotating between position one and ten on the top ten lists.  Week over week changes generally show just modest changes among the major banks on the lists. 

This past week however, five banks increased their rates in the key midterm category, a surprising amount in a low rate environment.  CD rate increases were doles out by Ally Bank, Discover Bank, CIT Bank, TAB Bank, and Colorado Federal.  These rate increases help push the highest one year CD rates up to 1.242 percent from 1.232 in the previous week and the best two year CD rates to 1.410 percent from 1.400 in the prior week.

Not all maturities saw gains in yields in the latest bank rate survey.  The best CD rates on short term accounts were unchanged and the average yield on the best long term accounts declined modestly.   The best three month CD rates held with an average rate of 0.436 percent.  Six month rates held at 0.845 percent.  The long term, five year CDs, fell to 2.191 percent on the week.

More information on the banks and bank rates in the current survey can be found at the following top ten lists: three month CD ratessix month CD ratesnine month CD rates, one year CD rates, two year CD rates, three year CD rates, four year CD rates and five year CD rates.

Stock Market Turmoil Has No Affect on CD Rates

The intense stock market volatility surfacing late this summer has done little to impact bank and credit union certificate of deposit rates.  While the stock market has seen days in which the major indices have moved by multiple percentage points from the open to the close, CD rates have showed little volatility continuing a mostly unbroken uptrend through the year.  The best CD rates available across the nation have moved by a little more than two basis points in the month of August.  One basis point is equal to 1/100th of a percent.

The SelectCDrates.com CD rate index stood at 1.217% on Friday August, 28.  The index is off of the high point reached during the month of August, 1.220%, but is still within a few 1/1000ths of a percent from the all time high for the year.  The SelectCDrates.com CD rate index measures the top ten highest CD rates available in all 50 states for three month term bank CDs, six month term CDs, one year CDs, two year CDs, and the five year CD. 

Even with the enhanced stock market volatility that has surfaced in recent weeks along with the prospects for an interest rate hike from the Federal Reserve becoming questionable, CD rates have slowly forged ahead.  This year started off with the CD rate index yielding 1.171%.  After experiencing some minor pops and drops through the winter and spring, gyrating between 1.160% and 1.171%, the CD rate pushed higher from June through August.  In June, the index moved up to 1.182%.  By July, the CD rate index crossed the 1.20% threshold to and reached 1.209%.  And in August, the average rate for the five most popular CD terms that make up the index reached 1.221%.

CD rates generally rise when market interest rates rise on products that are similar to CDs such as short term Treasury bills and notes.  Rates on competing products will generally rise when inflation surfaces or if the Fed nudges rates up with monetary policy such as increasing the fed funds rate.  Bank CD rates will also rise, independent of these events, if the demand for loans and lending activity expands.

A well managed bank will need to increase deposit rates when lending activity increases and they simply need more money to fund more loans.  As the market appears to be guessing what the Fed will do or when they will do it regarding changes to the fed funds rate, as evidenced by the heightened volatility, banks may have already spoken about their funding needs and have gently nudged rates higher to bring in more depositor funds.  Bank deposit rates may increase more substantially shortly after the fed funds rate hike is implemented.

To see a list of the current highest CD rates by term, review the following top ten lists: three month CD ratessix month CD ratesnine month CD rates, one year CD rates, two year CD rates, three year CD rates, four year CD rates and five year CD rates.

High Yielding CD Rates Little Changed After Stock Market Slips

Even with increased volatility in emerging markets and slumping bond prices, the top bank CD rates weathered the storm and held steady going into the final full week of August.  Stock markets, commodity markets, and foreign exchange markets took a tumble in the third week of August as uncertainty over the stability of emerging markets rocked the market.  The turbulence in a number of different asset classes fortunately, had little impact on the top bank CD rates. 

The average rate on the highest yielding bank certificates of deposit available nationally barely budged for the week ending August 21, based on the most recent survey of bank CD rates conducted by SelectCDrates.com.  The SelectCDrates.com CD rate indexed inched higher by just 1/1000th of a percent for the week to end at 1.221 percent.

The SelectCDrates.com index measures the top ten highest CD rates available nationwide on three month term CDs, six month term CDs, one year CDs, two year CDs, and five years CDs. 

Of the five different CD maturities measured in the survey, only two of those maturities experienced a rate change.  The best one year CD rates and the best two year CD rates showed activity on the week while the three’s, six’s and five years held firm. 

One year CD rates ticked higher by 1/1000th of a percent to an average rate of 1.228 percent at week’s end while the highest yielding two year certificates were up by 5/1000ths of a percent to close out the week at 1.395 percent.

The three month certificates were unchanged on the week with the average yield for the top ten highest short term CD accounts remaining at 0.446 percent.  Six month CD rates were unaltered with average rate of return of 0.830 percent.  And the long term, five year maturities were unmoved on the week with an average yield of 2.207 percent.  

Prior to the recent volatility in the stock market and foreign markets, the Fed had been expected to finally begin raising rates in either September or December.  The turbulence in markets and uncertainly that comes with may postpone that decision and the markets may not see a rate increase until the start of 2016.

Additional rate information on the best CD rates available for consumers based on the most recent bank rate survey for the week ending August 21, 2015 can be found at the following interest rate tables: three month CD ratessix month CD ratesnine month CD rates, one year CD rates, two year CD rates, three year CD rates, four year CD rates and five year CD rates.

.

CD Rates Step Higher in June

CD rates made a small push upward during the third week of June.  Interest rates in general have been heading north bound since the start of May but have not quite flowed through to savings products in general and bank CDs specifically.  Positive economic news regarding employment gains, augmented auto sales, gains in retail sales and changes in housing have all been factors putting downward pressure on bond prices.  The weakness in the bond market, marked by falling prices and rising rates, has permeated into the mortgage market but has barely touched savings and CD rates thus far.

As positive economic data has continues to unfold, the outlook for increased interest rates and a rate increase by the Fed has risen.  The ten year Treasury bond reflected this sentiment by jumping from a yield of 2.05% at the close of April to almost 2.40% in mid June.  During this, somewhat brief period, of rising Treasury rates, long term CD rates barely budged.  The average rate found on the top five year bank CDs during the same time period, climbed from 2.152% to 2.154% or an increase of just 2/1000ths of a percent..  

Shorter term CD rates did about as well as the long term certificates with very little growth in the average yields.  The best two year CD rates available nationally climbed to 1.357% by the close of business on June 19th, based on the most recent survey of bank CD rates conducted by SelectCDrates.com.  Two year Treasury rates do not stay in place as CD rates with the two year T note edging higher to 0.65% by week’s end.

The average rate on the best one year CD rates available nationally came in at 1.191% during the most recent survey, an improvement of about one basis point from the end of March.  Six month CD rates and three month CD rates were also little changed with the average rate on the six month term certificates moving up to 0.810% and the average rate on the three month maturities coming in at 0.431%.

There are signs of rate activity heating up among some of the big online banks.  First Internet Bank has recently increased their CD rates as did Capital One and Emigrant Bank’s online banking division, MySavings Direct.

Competition among online banks and online banking divisions is a good sign for savers and investors indicating these banks are willing to pay higher rates of return to feed their lending activities.  Of course, the bond market action over the past few weeks may stall though the likelihood seems low as the US economy continues to improve and the European countries are showing the early stages of growth.

Additional rate information on the best CD rates available for consumers based on the most recent bank rate survey for the week ending June 19, 2015 can be found at the following interest rate tables: three month CD ratessix month CD ratesnine month CD rates, one year CD rates, two year CD rates, three year CD rates, four year CD rates and five year CD rates.

.

CD Rates Dip After Fed Meeting

CD rates took a little swoon downwards after the March Fed meeting concluded this past week.  As many economists and Fed watchers had expected, the Fed statement released at the close of the two day meeting removed the reference to the term patience as it applies to the Fed’s plans to change monetary policy in the near future.  Removing that reference would imply the Fed is expected to raise rates well before the end of the year, perhaps by as early as June. 

However, if the market had been expecting interest rates to rise once the Fed lost “patience”, something went afoul on that day.  Instead of rising, rates went south and the stock market headed north.  Over the course of the week, the ten year Treasury bond dropped from a high yield of 2.13 percent at the onset of the week to 1.93 percent by the time the week came to close.  A rather noteworthy 20 basis points rate reduction for five days of work.

Fortunately for savers and some fixed income investors, the long term Treasury rate reduction episode did not flow through to bank CD rates with anywhere near the same scale.  Based in the most recent survey of the top CD rates available nationwide conducted by SelectCDrates.com, CD rates dropped by less than one basis point or 1/100th of a percent for the week ending March 20. 2015

The SelectCDrates.com CD rate index was cut down by just 5/1000ths of a percent for the week, dipping from 1.171 percent to 1.166 percent.  The SelectCDrates.com index measures the top ten highest CD rates available nationwide on three month term CDs, six month CDs, one year CDs, two year CDs, and five years CDs. 

The majority of certificate maturities were unaltered for the week.  Two certificate of deposit maturities saw rate drops while the other three terms remained steady.  The highest yielding three month CDs had an average rate that ‘was held in check at 0.431 percent, the top ten best one year CD rates were unchanged at 1.171 percent, and the top two year certificates were also untouched at 1.321 percent.

Six month CD rates saw a rate drop on the week with the average rate on the top highest six month term accounts falling to 0.750 percent from 0.755 percent in the previous week.  Five year CD rates took a bigger hit with more than two basis points getting shaved off of the average yield on the long term accounts.  The average rate on the best five year CDs ended the week at 2.155 percent after starting bout at 2.177 percent.

Additional rate information on the best CD rates available from the most recent bank rate survey for the week ending March 20, 2015 can be found at three month CD ratessix month CD ratesnine month CD rates, one year CD rates, two year CD rates, three year CD rates, four year CD rates and five year CD rates.

.

CD Rates Down but Not Out

Interest rates moved higher during the first week of February on the heels of a stronger than expected monthly jobs report.  The rise in rates however, did not carry over to bank savings products and the top CD rates in the nation lost ground this past week. 

Declining yields were not displayed in all terms or maturities.  Most CD accounts either gained yield or showed no change, the drop in the average yield entirely stemmed from the drop in rates on the top five year certificate accounts.

The average rate on the top yielding bank CDs, measured by the SelectCDrates.com CD rate index, dipped by 6/1000ths of a percent for the week.  The average rate moved down to 1.164 percent after reaching 1.170 percent in the prior week.  The SelectCDrates.com index measures the top ten highest CD rates available nationwide on three month term CDs, six month CDs, one year CDs, two year CDs, and five years CDs. 

Even with the mild reduction in rates, the best CD rates available are well above the national average rate found on bank certificates.  The national average rate on comparable term accounts is just 0.306 percent.

Big rate changes were seen in the longer maturities.  The average five year rate on the top ten highest five year certificates dropped from 2.195 percent to 2.155 percent.  That’s a four basis point reduction which is not seen terribly frequently on week to week changes.  One basis is equal to 1/100th of a percent or 0.01 percent.

Two year accounts saw a small, fractional run up on the week.  The average rate for the top two year bank CDs was nudged up to1.309 percent from 1.308 percent in the week earlier.  One year CD rates gained almost one full basis point which put the average rate of return at 1.150 percent compared to 1.141 percent in the previous week.

Six month rates were lifted by just 3/1000ths of a percent.  The average interest rate for the highest six month certificates closed the week at 0.782 percent compared to 0.779 percent in the prior week’s rate survey.

Short term, three month CD rates, displayed no change week over week.  The average rate found on the top ten best three month certificates remained at 0.426 percent.

A divergence between bank savings rates and other interest bearing financial instruments such as Treasury notes and bonds is not uncommon when there are quick and dramatic changes to interest rates.  The big jobs gains reported on Friday caused just such an occurrence with interest rates on Treasuries and mortgages leaping higher while stickier rate sensitive products such as bank CDs showed little reaction.

Investors and savers don’t have to settle for less when investing their money.  By comparing the top CDs across the nation, rate shoppers can get the best rate of return that matches their savings or investing time horizon.

The Best CD Rates Off Slightly in January

The best CD rates available nationally were lower by a fraction for the week ending January 16, 2015 based on the most recent survey of bank rates conducted by SelectCDrates.com.  Of course, thanks to the uncertainty in overseas markets and skittish international investors, interest rates at on most bank savings and lending products have plummeted significantly since the start of 2015. 

Safe and secure Treasury rates were lower through January by significantly more than bank CDs.  In January, the six month T-bill moved from 0.11 percent to 0.07 percent, the one year went from 0.25 percent to 0.17 percent and the five year Treasury note made a dramatic drop to 1.29 percent from 1.61 percent.

The SelectCDrates.com CD rate index, which calculates the top CD rates across several maturities, dropped by just 1.4 basis points from the start of the month.  One basis point is equal to 1/100th of a percent.  The index fell to 1.157 percent this week from 1.171 percent on January 5th.  The CD rate index measures the top highest CD rates found on three month term CDs, six month CDs, one year CDs, two year CDs and 5 year certificates.

Short term rates were little changed.  Very few banks reported changes on CD maturities with less than one year.  The average rate on the top six month accounts held steady at 0.749 percent while the average rate on the highest three month maturities increased by just1/1000th of a percent.  UmbrellaBank.com offers the best three month account at 0.51 percent.  Bank5 Connect has the top six month CD with an interest rate of 0.85 percent.

One year certificate of deposit rates slipped by one basis point in January.  The average rate on the ten highest one year accounts fell to 1.131 percent from 1.141 at the start of the year.  BankDirect leads the one year maturing CDs with a yield of 1.17 percent with more than a few banks offering one year CDs just two basis points lower at 1.15 percent.

Two year certificates took a tumble recently with the average yield getting cut by 4.5 basis points.  The rate on the top two year accounts was chopped down to 1.295 percent from 1.340 percent.  CIT Bank markets the highest rate on a two year with an interest rate at 1.35 percent.

Five year CD rates lost 1.5 basis points on average in the current survey.  The average rate on the top ten best five year CDs slid to 2.205 percent from 2.220 percent.  The highest yield can be found at Citizen State Bank’s online banking site, CSBdirect.com, which promotes a five year certificate at 2.35 percent.

Additional rate information on the best CD rates available on the bank rate survey can be found at three month CD ratessix month CD ratesnine month CD rates, one year CD rates, two year CD rates, three year CD rates, four year CD rates and five year CD rates.

The Best CD Rates Look Sweet Compared to the Alternatives

The best CD rates going into 2015 are looking marginally better than they did at the onset of 2014.  This headline is not likely to cause a rush of new funds flowing into bank CDs; however with the interest rate market turned on its head during the first week of January 2014, the top performing CD rates are looking mighty attractive.

Market turmoil in 2015 has pushed the ten year Treasury bond down to 1.97 percent at the close of business today (January 6, 2015).  In contrast, the top yielding five year CDs rates available nationally have an average yield of 2.22 percent.  In fact, rate shoppers can choose any one of the CD accounts listed on the SelectCDrates.com five year CD rate table and beat the return offered by ten Treasury bond since all ten of the top yielding five year bank CDs currently have an Annual Percentage Yield over 2.00 percent.

The only downside to CD investing over bond investing is liquidity.  Treasury bonds can be traded or sold on the open market at anytime once they are acquired.  Certificates of deposit may be redeemed early or prior to maturity but the account holder will incur an early withdrawal penalty for that privilege. 

Bond investors should be aware that there are costs for selling bonds prior to maturity and investors that sell their bonds prior to maturity because interest rates are rising will most likely eat a loss on the principal value of the bond.

Savers and investors on the quest for higher yields with improved liquidity can look to shorter term certificates rather than the longer maturities.  The top one year CDs have an average rate of 1.141 percent based on the most recent survey of bank CD rates conducted by SelectCDrates.con on January 2nd, 2015.  Earning rates of return at just over one percent is not going to produce the next Warren Buffet but these rates are soaring above comparable term Treasury securities.  The one year Treasury rate as of January 6th is a dismal 0.25 percent.  It takes a run along the yield curve on up to a three year term to find a Treasury note that has an interest rate over one percent.

With the bond and interest rate markets in turmoil the top bank CD rates are providing an attractive alternative for yield, safety, and security.  The best CD rates in this environment are looking pretty good compare to the competition.