The highest CD rates available nationally slipped by a fraction during the first week of December, 2014.  Based on the most recent survey of bank CD rates conducted by, the average rate for the top ten best bank CDs dropped by 3/1000ths of a percent. 

The average CD rate, covering all maturities in the CD rate index, dipped to 1.169 percent for the week ending December 5th, 2014 from 1.172 percent in the week earlier.  The average CD rate measures the top ten highest rates for three month bank CDs, six month CDs, one year CDs, two year CDs, and five year CDs.

The best CD rates have moved higher through the fourth quarter of the year in spite of falling rates for other fixed income securities and investments.  The spread between Treasury rates and CD rates has widened in the fourth quarter as has the spread between the average CD rates available across all banks in the U.S. and the best CD rates.

The rate changes among the five different terms were all relatively small.  The top ten three month CD rates were unchanged at 0.406 percent.  Six month CD rates experienced a mild upturn in the average rate.  The top ten highest six month rates increased to 0.744 percent from 0.742 percent in the prior week.

One year CD rates saw an almost imperceptible drop in the average yield this past week.  The average interest rate found on the top ten best one year CD rates moved down to 1.141 percent from 1.142 percent in the preceding week.

The top two year certificates were the hardest hit over the course of the week.  The two years had the biggest drop in yield but hardly an earthshaking story with a decline of only 1.5 basis points.  One basis point is the equivalent of 1/100th of a percent.  The average yield on the highest two year term CDs slid to 1.341 percent after closing at 1.356 percent in the week earlier. 
The average rate for the top five year bank CD accounts were more in line with one year certificates and showed almost no change over the week.  Five year rates at the top ten best bank accounts came in at 2.212 percent this week after climbing to 2.213 percent in the last weekly rate survey.

More data on the top CD rates in the nation by term can be found at the following bank rate tables: 3 month CD rates, 6 month CD rates, 9 month CD rates, 1 year CD rates, 2 year CD rates, 4 year CD rates, 5 year CD rates.

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