CD interest rates made a modest move to upside for the last week of March.  The CD rate index ticked up by 6/1000ths of percent or .006 percent to end the month on March 28th, 2013.  The index closed the week with an average rate of 1.010 percent which compares to the prior week’s average rate of 1.004 percent. 

The CD rate index measures the top ten best CD rates available nationally for the following maturities: three month CDs, six month CDs, one year CDs, two year CDs and five year CDs. 

Even with the relatively small upside change, there was some positive data in the numbers.  Four of the five maturities that make up the CD rate index experienced higher average interest rates and yields with only the six month CD rates retreating on the week.

The best three month CD rates available nationally were bumped higher by one full basis point or 1/100th of a percent.  The average rate found on the top ten highest three month bank CDs came in at 0.457 percent, up from 0.447 percent last week.

The top six month CD rates were reduced by 6/1000ths of a percent.  The pull back in the top ten highest six month CD rates pushed the average rate down to 0.709 percent from 0.715 percent in the week earlier.

One year CD rates made an advance of 4/1000ths of a percent.  The average rate found on the top ten one year term CDs was 1.016 percent up from the preceding week’s average interest rate of 1.012 percent.

Two year CD rates climbed by the same amount as the one year certificates during the current survey or .004 percent.  After the 4/1000ths of a percent interest rate boost, the average two year CD rate closed at 1.157 percent from 1.153 percent in the previous week.

The average rate found on the best five year CDs ticked higher by 7/1000ths of a percent week over week.  The rise in yield for the five year maturity placed the average rate at 1.709 percent from 1.693 percent in the earlier week.

To shop and compare the highest CD rates by maturity found in the April 1, 2013 CD rate survey, please see the following CD rate tables: 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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