The average interest rate earned on bank CDs rose by 1 basis point or 1/100th of a percentage point. Though CD rates increased, the trend has been for declining rates since the start of the year. The month of February has remained remarkably calm with CD rates gyrating very little thus far. Prior months had seen some rather significant movements in all interest rates. The recent activity in CD rates has been in a narrow range for the averages yet there still significant differences between the rates offered by individual banks as well as between geographic regions.

The spread between the national average bank CD rates and the highest bank CD rates remain wide. CD rate shopping and staying current on interest rate movements across various interest bearing instruments remains an important undertaking for all investors. The best CD rates offered nationally and within geographic regions can be viewed on the tables at

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