This week, CD interest rates moved downward by a very small margin. Based on the current survey of bank CD rates from Selectcdrates.com, there were some minor loss in the average yield for the six month and five year CDs while the one year and two year rates remained unchanged.

The average yield on the best six month CD rates available nationally was down by one basis point or 1/100 of a percent bringing the average interest rate down to 1.21%. The bank that offers the highest six month CD rate was unchanged as was the interest rate earned on their CD. For six month CDs, the best rate continues to be produced by Aurora Bank with a rate of 1.27%.

For one year CDs, the average yield remained in check from the previous week. The average rate for the top ten best one year CDs available nationally remained at 1.53%. The highest one year CD rate was also unmoved on the week. The top one year CD rate stayed at 1.55% and can be found at more than one financial institution across the nation.

Two year CDs followed the average one year movement and held firm week over week. The average yield on the best two year CDs available nationally remained at 2.01%. The highest rate in the two year term category was unchanged as well with an interest rate of 2.10%. This rate continues to be a promotional CD interest rate produced by Tennessee Commerce Bank.

The top ten best five year CDs lost one basis off the average yield this week. The average rate for the top five year certificates ended the week at 3.09%, down from last week

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