CD rates remained relatively stable in the most recent survey of the top national CD rates.  The average CD rate, as measured by the rates on the best three month, six month, one year, two year and five year CD rates, was unchanged from the previous week.  The weekly CD rate survey showed the average rate unaltered at 1.087 percent. 

Among the five different CD maturities measured in the survey, the best three month CD rates, one year CD rates and two year CD rates showed no variation from the previous week.  The six month CD rates squeaked out a very small gain in the average yield and the five year rates lost some ground.

The top ten three month CD rates reported no change week over week with an average rate of 0.483 percent.  The best three month CD rate remains with Virtual Bank and Hudson City Savings Bank which offers the short term certificate at an interest rate of 0.60 percent.  Beal Bank and play a distant second fiddle with three month CD rates that sound out at 0.51 percent.

Six month CD rates reported an increase over the week.  The average rate for the top ten best six month CD rates inched up by a mere .4 basis points in the current survey, one basis point is equal to 1/100th of a percent.  The average rate for the top six month rates got up to 0.77 percent from 0.766 percent in the previous rate survey.  The highest six month rate continues to come from AloStar Bank of Commerce at 0.85 percent.  The second best rate is also unchanged at 0.80 percent but can now be found at two different financial institutions instead of just one, as was the case in the prior week’s survey.  Stonebridge Bank and Virtual Bank market currently market a six month CDs with an interest rate of 0.80 percent.

The one year certificates displayed no difference in the average rate from the week earlier.  The average rate on the top ten highest one year CD rates was held at 1.053 percent.  With a yield of 1.15 percent, the best one year CD rate continues to be the product of Doral Bank.  Five basis points beneath the rate of Doral Bank is the one year certificate promoted by Beal Bank which has an interest rate of 1.10 percent.  Just two basis points below this rate is the one year CD account of CIT Bank at 1.08 percent.  

The top ten two year CD rates were stayed in the unchanged camp for the week.  The average rate for the top ten best two year CD rates available nationally was held at 1.224 percent.  The top three bank rates in this term remained the same with American Express Bank’s two year CD rate of 1.30 percent at the number one spot, CIT Bank’s two year CD rate of 1.26 percent and Ultima Bank Minnesota as well as CNBBankDirect taking the third spot with two year yields at 1.25 percent.

The five year term bank CDs lost some yield over the week.  The average rate for the highest five year certificates dipped down to 1.903 percent from 1.908 percent in the prior week.  State Bank of India holds out the best interest rate on this term with APY of 2.02 percent.  The next best rate was unchanged from thee previous week with three banks offering a five year CD rate of 1.95 percent.  Intervest National Bank’s CD, OnBank’s CD and Tennessee Commerce Bank’s five year CD all share the second best five year yield.

To find more information on the best CD rates by maturity for the January 23, 2012 CD rate survey please see the following CD rate tables at three month CD ratessix month CD ratesone year CD rates, two year CD rates and five year CD rates.

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