Average CD Rates and Best CD Rates Week of August 19, 2013
Below is the short list of average CD rates and the best CD rates available for the week of August 19, 2013. We don't expect short term CD rates to move higher any time soon but long term CD rates should continue to move higher in the coming months.
The highest 3 month CD rates available this week are at 0.45 percent while the average 3 month rates are at a fraction at 0.08 percent. Below is a list of banks offering the highest 3 month rates in our database:
6 Month CD Rates
Average 6 month CD rates this week are at 0.12 percent while the best 6 month rates available are much higher at 0.87 percent. Below is a list of the best 6 month CD rates at banks:
12 Month CD Rates
The highest one year CD rate offered in the Monitor Bank Rates database comes in at 1.04 percent with an APY of 1.05 percent while the average for all FDIC banks for 12 month CD rates is at a paltry 0.20 percent. MBR's database of 12 month CD rates is averaging 0.67 with our top 5 CD rate offers ranging from 0.90-1.04 percent. Following is a list of the top 1 year CD interest rates:
24 Month CD Rates
The highest 24 month CD rates this week are at 1.14 percent with an APY of 1.15 percent. This rate is higher than the 24 month rate average by Monitor Bank Rates at 0.82 percent. The highest 24 month rate is also much higher than the FDIC average of 0.33 percent this week. Below is a list of the top 24 month rates this week:
36 Month CD Rates
The average 3 year CD rate in the FDIC's rate survey this week is at 0.45 percent. The top CD rates for 3 year certificates of deposit in our database are much higher. The best 3 year rate in our database this week is at 1.39 percent with an APY of 1.40 percent. Below is a list of the top 3 year rates this week:
48 month CD Rates
Long term CD rates moved higher the past months, the best 48 month CD rate in our database is currently at 1.59 percent with an APY of 1.60 percent. The current average 48 month CD rate his week in the FDIC survey is much lower at 0.57 percent. Below is a list of the top 4 year CD rates:
60 Month CD Rates
Average 60 month CD rates are at 0.74 percent reported by the FDIC and average 60 month rates reported by MonitorBankRates are at 1.31 percent. The best 6o month rates this week are at 2.03 percent with an APY of 2.05 percent. Below is a list of the best 5 year CD rates.
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