Certificate of deposit interest rates ended the week on June 11th with mixed results across the various maturities. The average yield for the five year CD rates ended with a gain on the week while the six month and one year term CDs remained unchanged. Unfortunately, the average rate on the top ten two year CD rates and three month CD interest rates lost a little ground.

The results of the current bank CD rate survey completed by Selectcdrates.com showed the average yield for the top ten best three month CD rates moving lower by just one basis point or 1/100 of a percent for the week. The average three month CD rate closed the week at 0.78% from 0.79% in the previous week.

The average rate for the top ten national six month CD rates remained firmly planted for the week, holding with a yield of 1.19%. The one year CD interest rates followed the same course as the six month certificates and held with an average yield of 1.53%, week over week.

The two year CD rates pushed lower by a small margin. The average interest rate on the top ten highest two year CD available nationally was down by one basis point, moving the rate earned from 1.99% last week to 1.98% this week.

National CD rates for the five year term CDs were up at the close of the week. The ten highest bank CD rates maturing in five years were higher by one basis point. The average five year CD rate closed at 3.04% from 3.03% in the prior week.

While some rates moved higher, the market is becoming much more fragmented with fewer banks offering above market bank rates. In order to obtain the highest CD rate it is becoming increasingly necessary for investors and savers to review both national CD rates as well as the regional bank CD rates to uncover the most competitive offers and maximize the yield opportunities available.

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