This Week’s Best CD Rates on 1 Year, 2 Year and 5 Year Certificates of Deposit

For the past several years the interest rate difference between the best CD rates on 1 year and 5 year CD rateshas been low. When you compare average rates between 1 year and 5 year certificates of deposit the difference is also minimal because the rate curve is flat. I don't anticipate average CD rates and the highest CD rates moving much higher anytime soon. We might have to wait until 2016 for rates to finally increase but maybe rates will increase sooner if the economy starts growing faster.

In the FDIC's Weekly Rates and Cap Survey for the week ending October 15, 2012, average 1 year CD rates at banks are at 0.25 percent. Two year CD rates are averaging 0.42 percent and 5 year CD rates are averaging 0.92 percent. Average jumbo CD rates for 1 year and 2 year certificates of deposit are only 1 basis point higher and 5 year jumbo CD rates are also averaging 0.92 percent.




The best CD bank rates on our 1 year certificates of deposit rate list are at 1.10 percent, more than 4 times the FDIC average. The best 2 year CD rates on our 2 year rate list are at 1.25 percent, almost 3 times the FDIC average. The best 5 year CD rates on our rate list are at 1.78 percent, almost 2 times the average. Below are list of the top 5 rates for 1 year, 2 year and 5 year certificates of deposit.

Best 1 Year CD Rates



  1. Alostar Bank Rates 1.10% APY 1.11%

  2. CIT Bank Rates 1.09% APY 1.10%

  3. Bank of Internet Rates 1.09% APY 1.10%

  4. Sallie Mae Bank Rates 1.04% APY 1.05%

  5. MetLife Bank Rates 1.04% APY 1.05%


Best 2 Year CD Rates



  1. Alostar Bank CD Rate 1.25% APY 1.26%

  2. Barclays Bank CD Rate 1.24% APY 1.25%

  3. CIT Bank CD Rate 1.24% APY 1.25%

  4. ableBanking CD Rate 1.18% APY 1.19%

  5. Discover Bank CD Rate 1.14% APY 1.15%


Best 5 Year CD Rates



  1. CIT Bank CD Rates 1.78% APY 1.80%

  2. Discover Bank CD Rates 1.73% APY 1.75%

  3. Barclays Bank CD Rates 1.69% APY 1.70%

  4. American Bank CD Rates 1.69% APY 1.70%

  5. E-Loan CD Rates 1.69% APY 1.70%