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6 Month CD Rates March 8, 2010

Posted in March 7th, 2010
by admin in 6 Month CD Rate Updates

Six month bank CD interest rates were down again this week, continuing a downtrend that has seen no abatement in 2010.  The average 6 month CD rate based on the selectcdrates.com survey of the top ten best six month CD rates available nationally fell by three basis points or 3/100 of a percent on the [...]

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The Best Six Month CD Rates February 1, 2010

Posted in February 1st, 2010
by admin in 6 Month CD Rate Updates

Continued economic concerns have placed unrelenting pressure on short term bank CD interest rates.  This week, six month CD rates dropped modestly but it was a continuation of falling rates that has taken place each week since the start of 2010.  The average of the best six month CD rates fell one basis point or [...]

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The Best Two Year CD Rates for June 12, 2009

Posted in June 15th, 2009
by admin in 2 Year CD Rate Updates

The average of for the best two year CD rates available nationally accelerated their decline from the previous week.  Two year CD rates fell by six basis points or 6/100 of a percent for the week to end the week at 2.61% after dropping three basis points last week.  Since the start of May, the [...]

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The Best Five Year CD Rates for the Week of June 12, 2009

Posted in June 15th, 2009
by admin in 5 Year CD Rate Updates

The best five year CD rates available nationally went against the tide by managing to produce a small gain in yield while all other bank CD term rates dropped for the week.  The highest bank rates were unchanged; however, the average of the top ten bank CD rates did increase.  The average of the five [...]

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Five Year CD Rates for June 5, 2009

Posted in June 8th, 2009
by admin in 5 Year CD Rate Updates

Five year CD rates continued their slide, along with rest of the bank CD terms, for the week of June 5, 2009.  The average of the top ten highest five year CD rates declined to 3.56% from 3.61% in the previous week.  The reduction in the five year term CD rates was the smallest percentage [...]

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The Best One Year CD Rates Update Week Ending May 1, 2009

Posted in May 4th, 2009
by admin in 1 Year CD Rate Updates

The average rate for the top 10 best one year CD rates rose by one basis point or 1/100 of a percent for the week ending May 1, 2009.  The bank CD rate average for the one year term stood at 2.61%.  Though the bank rate averages saw only a modest rise, the top one [...]

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The Highest New York CD Rates Update April 24, 2009

Posted in April 30th, 2009
by admin in New York CD Rate Updates

New York state CD rates continue to offer more opportunities than can be found from the national bank rates.  The list of banks moved around the various term lists, however most of the highest CD rates remained stable and continue to outpace the national averages.  Massena Savings & Loan offers the best six month CD [...]

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Five Year CD Rates Update Week Ending April 24, 2009

Posted in April 25th, 2009
by admin in 5 Year CD Rate Updates

The average rate for the best national CD rates with a five year term were unchanged for the week ending April 24.  The top 10 best national CD rates with this term ended the week with an interest rate of 3.51%.  State Bank of India remained on top with the best five year CD rate [...]

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Best One Year CD Rates

Posted in January 25th, 2009
by admin in Money Rates

For the week ending January 23, 2009 the best one year CD rates in are hovering right around a 3.00% with a few banks offering CD rates above 3.00%.  The battle for the top one year CD rate has been fierce with lead changes happening multiple times during the week. 
Flagstar Bank headquartered in Troy, Michigan [...]

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CD Rate Updates

Certificate of Deposit Interest Rates March 8, 2010

According to this week’s survey of the top ten best certificate of deposit rates available nationally, performed by Selectcdrates.com, bank CD rates have now reached new lows for the year.  Bank CD interest rates were down for all terms or maturities again this week.  
The average rate for the top ten highest 6 month bank CD [...]

Bank Certificate of Deposit Rates February 22, 2010

It seems hard to believe that bank certificate of deposit rates could slide much lower, but the past week was in fact another down week for most all CD maturities.  The results of the selectcdrates.com weekly bank rate survey indicated that CD rates were lower across all terms with the exception of the long term, five year [...]

CD Interest Rates February 15, 2010

CD interest rates continued to slide further in 2010.  The average interest rate on bank CDs available nationally was down slightly on all maturities for the week ending February 12, 2010.  The rate activity among the best bank rates, however,was comparatively modest in light of the across the board drop in the average rates.
The selectcdrates.com [...]

Banking & CD FAQs

What is a callable CD?
Some longer term high yielding CDs have “call” features, meaning that the issuing bank may choose to terminate or call the CD after a fixed period of time. Only the issuing bank may call a CD and not the investor. For example, a bank might decide to call its high-yield CDs if
How Does the Health of the Economy Affect Interest Rates?
The health of the economy affects interest rates by influencing the supply of, and the demand for, credit. For example: People’s incomes fall in a recession, so the amount they save also decreases. The demand for credit by business generally declines in a recession, as business spends less on new buildings, equipment, and
What are money market mutual funds, and how do investors use them?
A money market fund is a type of mutual fund that invests in high-quality, short-term securities that present minimal credit risk. These funds also pay dividends that generally reflect short-term interest rates. Although the net asset value per share of a traditional mutual fund changes daily in response to market factors, money market
A friend wrote me a check to repay a small debt. The bank that the check is drawn on has released the funds, but my bank is still holding the funds. Can it do this?
Yes. Your bank may still hold the funds per its funds availability policy. Or it may have placed an exception hold on the deposit. In many cases, if you know that the funds have been released by the paying bank, give this information to your bank and request an early release of
National Averages
CD Rates, Bank Rates,
Fund Rates and Key Rates
6 Month CD Rates
1.29%

1 Year CD Rates
1.67%

2 Year CD Rates
2.10%

5 Year CD Rates
3.22%

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Money Market Act. Rates
1.33%

Savings Account Rates
1.47%

Money Market Fund Rates
3.11%

Tax Exempt Fund Rates
2.39%

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Bank & CD Tips

Less Float Time for Checking Accounts
Clearing checks has become much faster process as technology has improved.  Many banks now use digital images of checks instead of the actual checks in order to transfer money more quickly.  Many banks now use digital images of checks instead of the actual checks in order to transfer money more quickly.  Since checks clear faster,
Checking Account Statement Review
Try to review your checking account statements and bank statement as soon as possible after it arrives to make sure there are no unauthorized charges.  Look for unauthorized activity or charges on the account regardless of the source.  If you suspect that a thief has used one of your checks from your checking account or
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