CD Rates – January 20, 2009

(http://cdrates.monitorbankrates.com) Guess what, average CD rates were down again this past week. The average 3 month CD rate is at 0.509 percent this week, down from last week’s average 3 month CD rate of 0.514 percent.

Looking for the highest CD Rates? Use our CD rate table to find the highest CD rates. Highest CD Rates

You can find CD rates higher than the national average rates. Using our bank CD rate tables, we found Eastbank is currently offering a 3 month certificate of deposit that has an annual percentage yield (APY) of 1.25 percent – more than double the national average 3 month CD rate.  

The average one year CD rate is 1.028 percent this week, down from last week’s average of 1.036 percent. The current average 18 month CD rate is 1.20 percent. You can also find 18 month CD rates higher than the national average. Right now, Bridgehampton National Bank is offering an 18 month CD that currently has an annual percentage yield of 2.07 percent.

Average CD Rates at Banks

• 3 month CD rates are at 0.509 percent this week, down from last week’s average rate of 0.514 percent.
• 6 month CD interest rates are at 0.753 percent, down from the prior week’s average rate of 0.758 percent.
• 12 month certificate of deposit rates are averaging 1.028 percent, down from the previous week’s average rate of 1.036 percent.
• 18 month CD rates are averaging 1.20 percent, down from last week’s average rate of 1.205 percent.
• 24 month rates are averaging 1.508 percent this week, down from the previous week’s average of 1.512 percent.
• 36 month CD interest rates are at 1.839 percent, down from the prior week’s average of 1.843 percent.
• 48 month CD rates are averaging 2.070 percent, down from last week’s average rate of 2.074 percent.
• 60 month certificate of deposits are averaging 2.357 percent, down from the prior week’s average rate of 2.360 percent.

Search for the highest bank CD rates in your zip code here: Search for the highest CD rates.