The best CD rates available nationally were lower by a fraction for the week ending January 16, 2015 based on the most recent survey of bank rates conducted by  Of course, thanks to the uncertainty in overseas markets and skittish international investors, interest rates at on most bank savings and lending products have plummeted significantly since the start of 2015. 

Safe and secure Treasury rates were lower through January by significantly more than bank CDs.  In January, the six month T-bill moved from 0.11 percent to 0.07 percent, the one year went from 0.25 percent to 0.17 percent and the five year Treasury note made a dramatic drop to 1.29 percent from 1.61 percent.

The CD rate index, which calculates the top CD rates across several maturities, dropped by just 1.4 basis points from the start of the month.  One basis point is equal to 1/100th of a percent.  The index fell to 1.157 percent this week from 1.171 percent on January 5th.  The CD rate index measures the top highest CD rates found on three month term CDs, six month CDs, one year CDs, two year CDs and 5 year certificates.

Short term rates were little changed.  Very few banks reported changes on CD maturities with less than one year.  The average rate on the top six month accounts held steady at 0.749 percent while the average rate on the highest three month maturities increased by just1/1000th of a percent. offers the best three month account at 0.51 percent.  Bank5 Connect has the top six month CD with an interest rate of 0.85 percent.

One year certificate of deposit rates slipped by one basis point in January.  The average rate on the ten highest one year accounts fell to 1.131 percent from 1.141 at the start of the year.  BankDirect leads the one year maturing CDs with a yield of 1.17 percent with more than a few banks offering one year CDs just two basis points lower at 1.15 percent.

Two year certificates took a tumble recently with the average yield getting cut by 4.5 basis points.  The rate on the top two year accounts was chopped down to 1.295 percent from 1.340 percent.  CIT Bank markets the highest rate on a two year with an interest rate at 1.35 percent.

Five year CD rates lost 1.5 basis points on average in the current survey.  The average rate on the top ten best five year CDs slid to 2.205 percent from 2.220 percent.  The highest yield can be found at Citizen State Bank’s online banking site,, which promotes a five year certificate at 2.35 percent.

Additional rate information on the best CD rates available on the bank rate survey can be found at three month CD ratessix month CD ratesnine month CD rates, one year CD rates, two year CD rates, three year CD rates, four year CD rates and five year CD rates.

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