The best six month CD rates available nationally held firm for the week ending September 25, 2009.  The average for the best bank CDs with a six month maturity remained at 1.69% for the week.

While the average was unchanged, the highest six month CD rate fell by four basis points or 4/100 of a percent.  Last week’s top rate was a bank CD product from La Jolla Bank.  La Jolla Bank’s six month CD rate was 1.80% but was lowered this week to a yield of 1.75%.  This rate reduction moved their six month CD into second position behind the highest six month CD rate which is now offered by Ascencia Bank at 1.76%.

Other than change in CD rates by La Jolla Bank the remaining nine banks rounding out the list for the best six month CD rates was unaltered.  The bank rates remained the same on yield as well as the ranking of order from highest rate to lowest rate available.

Many state CD rates with a six month maturity were down for the week.  However, due to the wider yield advantage that has been present for most of the year in regional and state bank rates, higher interest rates in bank CDs are still more plentiful in the individual states than they are in the national list of six month bank CD interest rates.

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