The best CD rates available nationally were little changed for the week ending October 24th 2014 based on the most recent survey of bank CD rates conducted by  Although the average returns on the top performing bank CDs showed little change over the course of the week, the average rate remains elevated relative other safe and secure savings choices consumers have available. 

Examples of comparable savings options include Treasury bills, notes, and bonds.  The five year Treasury rate has fallen by 17 basis points during the month of October, having started the month at 1.69 percent and closing Friday at 1.52 percent.  Two year Treasury rates are down 12 basis points from the start of the month.  The one year Treasury has managed to move in the opposite direction, climbing one basis point higher to close at the week at 0.11 percent. 

In contrast to the Treasury market, the average CD rate on the highest yielding CDs across the nation has dipped by just basis point on the month of October.  The average rate on the best bank CDs available nationally dropped to 1.156 percent on the onset of October and ended this past week at 1.166 percent.

The average CD rate is measured by the CD rate index which locates the highest CD rates for three month term CDs, six month CDs, one year CDs, two year, and five year CDs that are available in all 50 states.

There was very little activity between the top yielding CD accounts regardless of the maturity selected.  The best three month rates were unchanged from the prior week with the average interest rate holding at 0.409 percent.  Six month CD rates showed a slight rate reduction among the highest yielding accounts.  The average six month CD rate dropped to 0.732 percent from 0.747 in the week earlier.

One year CD rates were undisturbed through the week with an average rate of return of 1.117 percent.  The two year rates were also unmoved on the week with the average rate holding at 1.302 percent.  Rounding out these relatively inactive issues, five year term certificate rates were no different one week to the next with an average yield remaining at 2.222 percent.

In addition to the five different maturities included in the CD rate index, there were but a few changes in the interest rates offered on the top nine month CD rates, 18 month CD rates, three year bank CDs, and four year CDs.

The average rate on the best nine month bank certificates held at 0.747 percent.  Eighteen month CD accounts were kept in check at 1.080 percent, week over week.  The highest three year term maturities were unaltered with an average yield of 1.450 percent.  The four year maturities displayed a fractional rate increase, rising to 1.781 percent from 1.778 percent in the prior week.

More data on the top yielding bank CD rates in the nation by term can be found at the bank rate tables at

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