After ending the month of March on an up note, CD rates moved marginally lower to kick off the month of April.  The average yield in the CD rate index moved lower by 2/1000ths of a percent for the most recent bank CD rate survey conducted on April 5, 2013.  The CD rate index ended the week at 1.008 percent after rising modestly to 1.010 percent in the week earlier.

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. 

Of the five maturities that make up the rate index, only one of the five terms displayed a rate change over the course of the week.  The best three month CD rates, six month CD rates, one year CD rates and two year CD rates held steady over the week.  Only the five year CD rates showed some life and moved to the downside by 6/1000ths of a percent to end the week at 1.703 percent.

The average rate on the best three month CD rates available nationally remained at 0.457 percent with the top three month CD rate holding at 0.55 percent and coming from E-Loan.

The highest six month CD rates held firm at 0.709 percent.  The best six month CD rate is available at Doral Direct, the online branch of Doral Bank, which offers the six month term CD with an interest rate of 0.88 percent.

One year CD rates were kept in place this week with an average yield of 1.016 percent.  A number of banks offer the leading interest rate for this term.  NexBank, GE Capital Bank, CIT Bank and State Bank of India all have one year CD rates at 1.05 percent to lead the nation.

1.157 percent remains the average covering the top ten highest two year CD rates available nationally.  NexBank of Texas shows up again in this term to lead the pack.  NexBank’s leading two year CD rate is available with a rate of return of 1.30 percent.

Five year CD rates were kicked down notch this week with the average rate on the best five year CDs falling to 1.703 percent from 1.709 percent in the preceding week.  The National Republic Bank Chicago offers the highest yielding five year certificate at 1.87 percent.

A list of the best CD rates across the nation is available to help consumers shop and compare the highest CD rates by maturity and can be found at 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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