The average yield on the top ten best six month bank certificates of deposit was lower by one basis point or 1/100 of a percent for the week ending December 11, 2009.  The average yield closed the week at 1.51%, down from the prior week’s average of 1.52%.

The highest six month CD rate available remained unaltered for the week.  The highest six month CD rate continues to stand at 1.60%.  The best six month CD rate can be found at the Palladian Private Bank. 

The second best CD rate falls five basis points below the top rate at 1.55%.  UFB Direct is currently the only bank offering this rate.  Following UFB Direct there are three banks promoting six month CDs that have an interest rate at 1.51%.  Ascencia, State Bank of India and Virtual Bank are all offering six month CDs that yield 1.51%.

The fourth highest six month bank CD rate for the week comes in at 1.50%.  A 1.50% six month CD interest rate can be found at four separate banks this week, including; NewDominion Bank, Colorado Federal Savings Bank, FirstFed Direct and La Jolla Bank.  The tenth best bank rate with a six month term comes from Nexity Bank with an interest rate of 1.46%.

Week over week, there were few changes to the constitution of the list of the top ten bank rates with a six month term.  All of the bank names offering the highest rates in this term category remain the same from the previous week.  Only one bank altered their rate promotions from the preceding week.  FirstFed Direct had shared the top spot in the prior week but has since reduced the rate paid on their six month CD bringing the yield earned down to the fourth best rate available on a the national level.

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