The best six month CD interest rates available nationally stumbled slightly for the week ending May 14, 2010 according to the bank CD rate survey performed by Selectcdrates.com. The average of the top ten best six month CD rates moved lower by one basis point or 1/100 of a percent on the week. The average yield closed the week at 1.21%, off from last week’s close of 1.22%.

The best six month CD rate was unchanged with a rate of 1.27%. This CD rate continues to be available online from Aurora Bank. The financially troubled, Shore Bank, follows closely with a six month CD that is just one basis point lower at 1.26%. And Discover CD is just one more basis point beneath that offer with a six month certificate at 1.25%.

The fourth best national CD rate with a six month term falls four basis points behind the Discover CD. Two banks are offering identical six month CD yields to hold this spot. Nexity Bank and State Bank of India market six month CDs that earn an interest rate of 1.21%.

Two more banks follow that duet with six month certificates yielding one basis point less. One West Bank and Excel Bank have six month CDs at 1.20%, the fifth highest national CD rate with a six month maturity.

Ally Bank with its “new-er” ad campaign runs behind the One West – Excel Bank tandem offer with a six month certificate of deposit at 1.19%. The reaming two banks on the list of the top ten best six month CDs includes NewDominion Bank and Goldwater Bank. Goldwater Bank offers a six month bank rate of 1.16% while NewDominion Bank is slightly higher at 1.17% on their six month term deposit.

There was very little changed on the six month CDs from the previous week. The most noteworthy bank rate movement was Nexity Bank which reduced their six month certificate from 1.26% in the past week to 1.21% this week. FirstFed Direct and La Jolla Bank did not return on the list as One West Bank has now fully integrated those financial institutions under their One West Bank brand name. Replacing those two banks was two banks with the lowest rates this week, NewDominion Bank and Goldwater Bank.

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