CD Rates are down this week over last, the decline in bank CD rates was fractional, no big moves down. The FOMC met earlier this week and decided to keep the Fed funds rate in a targeted range of zero percent to one quarter percent. 

The Fed also didn’t change it’s phrase on keeping rates “low for an extended period of time”. Bank CD rates will start heading higher sometime later this year when the economy is on firm footing and the Fed increases rates.

12 month certificate of deposit rates are back under 1.00 percent. The average 12 month CD rate is at 0.960 percent this week, down from last week’s average 12 month rate of  1.034 percent.

Looking for CD rates? Use our rate tables to find the highest CD rates: CDRates.MonitorBankRates.com

CD Rates

• 3 month CD rates at banks are averaging 0.462 percent this week, down from the prior week’s average rate of 0.468 percent.
• 6 month CD rates are average at 0.765 percent, down from last week’s average interest rate of 0.746 percent. Right now, First Century Bank is advertising a 6 month CD yield of 1.75%.
• 12 month bank CD interest rates are averaging 0.960 percent, down from the previous average CD rate of 1.034 percent.
• 18 month interest CD rates are averaging 1.222 percent, down from the prior week’s average rate of 1.225 percent.
• 24 month CD rates at banks are averaging 1.446 percent this week, down from the previous week’s average of 1.458 percent.
• 36 month banks CD rates are averaging 1.645 percent,down from the prior week’s average of 1.902 percent.
• 48 month bank CD rates are averaging 2.087  percent, unchanged from last week’s average rate of 2.087 percent.
• 60 month CD rates are averaging 2.328 percent, down from the prior week’s average of 2.335 percent.

Mutual Security Credit Union of Connecticut is advertising two promotional certificates of deposit. The ”Starter Certificates of Deposit” promtions are designed to get you to start saving money. The CD rates on both certificates are some of the best CD rates around.

In order to receive the CD rate and CD yield you have to set a weekly direct deposit.  Since the certificate of deposit accounts are designed for those just starting out, the maximum opening deposit of $100.  The minimum weekly direct deposit is $10 and the maximum is $50.

The 18 month certificate of deposit currently has a CD rate of 2.47% with a CD yield of 2.50%. The 18 month CD rate and yield is double the current national average CD rate of 1.22%. The rate also beats the highest CD rate on our 18 month CD rate table.

The 30 month certificate of deposit has a CD rate of 2.96% with a CD yield of 3.00% which is one of the best CD rates available.  The national average rate is currently at 1.89%.

The certificate of deposit accounts are insured by the National Credit Union Administration. For more information on the Starter CDs and joining the credit union visit Mutal Security Credit Union or call or call 1-800-761-2400.

Alabama Central Credit Union is offering certificates of deposit that have some of the best CD rates available these days. Certificate of deposit terms range from 6 months to 5 years for regular certificates of deposit and IRA certificates of deposit.

The minimum opening CD account balance for regular certificates of deposit accounts is $500. IRA certificate of deposit accounts have a $250 minimum opening deposit.

As with any credit union you’ll have to join Alabama Central to open a certificate of deposit account. For more information about joining visit: ACCU Membership Information.

Alabama Central Credit Union’s 12 month certificate of deposit annual percentage rate (APR) is currently at 1.656% and the annual percentage yield (APY) is 1.75%.

The 12 month CD rate and CD yield isn’t the highest CD rate and yield around but it beats the national average by 0.65%. The 12 month jumbo CD rate is higher, the credit union is advertising a 12 month jumbo CD rate of 1.893% with an APY of 2.00%.

Here are current CD rates and CD yields at ACCU:

• 6 Month CD 0.946% APR 1.000% APY
• 1 Year CD 1.656% APR 1.750% APY
• 2 Year CD 1.893% APR 2.00% APY
• 3 Year CD 1.987% APR 2.10% APY
• 4 Year CD 2.082% APR 2.20% APY

Here are current IRA CD rates and CD yields at ACCU:

• 6 Months CD 0.946% APR 1.000% APY
• 1 Year CD 1.656% APR 1.750% APY
• 2 Year CD 1.893% APR 2.00% APY
• 3 Year CD 1.987% APR 2.10% APY
• 4 year CD 2.082% APR 2.20% APY

All certificate of deposit accounts are insured by the National Credit Union Administration (NCUA). In addition to these CD terms the credit union is also offering secured certificate of deposit loans. For current CD rates and more information on certificate of deposit loans please visit: Alabama Central Credit Union.

Acacia Federal Savings Bank based in Falls Church, VA, is advertising certificates of deposit with terms ranging from 3 months to 5 years. In addition to regular certificate of deposits the savings bank is also offering IRA certificates of deposit. The bank is currently offering a promotional 60 month IRA CD yield of 3.50%.

The 12 month certificate of deposit rate is one of the best CD rates available these days. The current 12 month CD rate is 1.69% with an annual percentage yield (APY) of 1.70%. The rate and yield is 0.70 percent higher than the national average rate.

Here is a current list of regular CD rates/yields and IRA CD rates/yields:

• 3 Months 0.95% Rate 0.95% APY
• 6 Months 1.09% Rate 1.10% APY
• 9 Months 1.34% Rate 1.35% APY
• 12 Months 1.69% Rate 1.70% APY
• 18 Months 1.83% Rate 1.85% APY
• 24 Months 2.03% Rate 2.05% APY
• 30 Months 2.18% Rate 2.20% APY
• 36 Months 2.62% Rate 2.65% APY
• 48 Months 2.96% Rate 3.00% APY
• 60 Months 3.25% Rate 3.30% APY

Acacia Federal has been operating in the Washington DC Metro area since it opened in March 1985. Acacia Federal is a subsidiary of the Acacia Life Insurance Company.

In addition to regular CD accounts and IRA CD accounts, the savings bank offers a “design your own” certificate of deposit option that allows you to chose any CD term from 6 months to 6 months.

For more information and current CD rates visit: http://www.afsbonline2.com.

Eastbank, which is based in New York City is offering a 12 month certificate of deposit rate that currently has a CD rate of 1.25% with an annual percentage yield of 1.25%. That rate and yield tops our 12 month CD rates at banks table in New York, New York.

• Search for the best CD rates in your area: CD Rate Table.

Eastbank is also offering a 3 month CD rate that is the highest 3 month CD rate on our 3 month CD rate table. The bank’s 3 month certificate of deposit rate is currently at 1.24% with an annual percentage yield of 1.25%. Here are EastBank’s current bank CD rates:

• 3 month - rate 1.24% APY 1.25%
• 6 month - rate 1.24% APY 1.25%
• 12 month - rate 1.86% APY 1.88%
• 24 month - rate 2.32% APY 2.35%
• 30 month  - rate 2.47% APY 2.50%
• 60 month  - rate 3.20% APY 3.25%

All CD accounts are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000. Eastbank’s FDIC Cert number is 25749. For current CD rates call Eastbank at (212) 219-9000.

Certificate of deposit rates are down again this week with the exception of  18 month and 36 month certificate of deposit rates. 18 month CD rates increased to 1.225 percent, up from the last week’s average rate of 1.091 percent. 36 month CD interest rates are up to 1.902 percent, an increase from last week’s average rate of 1.650 percent.

Looking for certificate of deposit rates? Use our rate tables to find the CD rates in your area. cdrates.monitorbankrates.com

Certificate of Deposit Rates

• The average 3 month certificate of deposit rate is at 0.482 percent this week, unchanged from the prior week’s average CD rate.
• The average 6 month CD rate is at 0.768 percent, unchanged from last week’s average rate.
• The average 12 month CD rate at banks is at 1.034 percent, a decrease from last week’s average interest rate of 1.041 percent.
• The average rate on 18 month certificates of deposit is currently at 1.225 percent, an increase from the prior week’s average interest rate of 1.091 percent.
• The average 24 month CD interest rate is at 1.482 percent this week, a decrease from last week’s national average rate of 1.485 percent.
• The average rate on 36 month certifciates of deposit is at 1.902 percent, an increase from last week’s average of 1.650 percent.
• The average 48 month CD rate is at 2.087  percent this week, up from last week’s average rate of 2.094 percent.
• The average 60 month certificate of deposit rate is at 2.396 percent, down from the previous week’s average of 2.399 percent.

Find the best CD rates right here at MonitorBankRates.com: http://cdrates.monitorbankrates.com.

Here is a list of the top 10 12 month CD rates our rate tables as of March 11, 2010:

1. Tennessee Commerce Bank 1.70% APY Min $2500     
2. Discover Bank 1.60% APY Min $2500    
3. Ally Bank 1.58% APY Min $ 1 1.58%    
4. AIG Bank 1.56% APY Min $2500     
5. American Express Bank FSB 1.50% APY Min $0    
6. Bay Ridge Federal Credit Union 1.50% APY Min $500     
7. Bogota Savings Bank 1.50% APY Min $1000    
8. Boiling Springs Savings Bank 1.50% APY Min $1000      
9. Kearney Federal Savings Bank 1.50% APY Min $500     
10. Manasquan Saving Bank 1.50% APY Min $500

Search for the best CD rates in your area: CDRates.MonitorBankRates.com

Alabama Credit Union is advertising some of the best certificate of deposit rates available. Right now the best CD rate and yield offered by Alabama Credit Union is on their 7 months certificate of deposit. The current CD rate is 1.50%. The minimum opening deposit is $5,000.

You will have to join Alabama Credit Union to open a certificate of deposit account.  When you join you will also have to open a savings account with a $25.00 deposit. There is also a $1.00 membership fee. More information on becoming a member here : Alabama Credit Union.

The credit union is advertising certificates of deposit and IRA certificates of deposit with terms ranging from 6 months to 5 years. All certificate of deposit accounts have a minimum opening deposit of $500 with the exception of the 7 months certificate.

Credit Union CD rates and CD yields:

• 6 months CD 1.25% rate 1.25% APY
• 7 months CD 1.50% rate 1.50% APY  $5,000 min
• 12 months CD 1.60% rate 161% APY
• 15 months CD 1.75% rate 1.76% APY
• 24 months CD 1.75% rate 1.76% APY
• 30 months CD 1.90% rate 1.91% APY
• 36 months CD 2.00% rate 2.02% APY
• 48 months CD 2.50% rate 2.52% APY
• 60months CD 2.75% rate 2.78% APY

All certificates of deposit are insured by the NCUA for up to $250,000. For more information on opening a certificate of deposit account visit Alabama Credit Union: Alabama Credit Union

Tennessee Commerce Bank of Franklin Tennessee is offering certificates of deposit with terms ranging from 3 months to 60 months. The bank’s CD rates are some of the best CD rates available.

The minimum opening certificate of deposit account balance is $2,500 for a regular CD. Jumbo certificate of deposit accounts require a higher opening balance.

Tennessee Commerce Bank CD Rates: 

• 3 Months  CD .40%  rate .40% APY
• 6 Months  CD  .75%  rate .75% APY
• 12 Months CD 1.69% rate 1.70% APY
• 18 Months  CD 1.79% rate 1.80% APY
• 24 Months CD 2.08% rate 2.10% APY
• 36 Months CD 2.37% rate  2.40% APY
• 48 Months CD 2.62% rate 2.65% APY
• 60 Months CD 2.86% rate 2.90% APY

All certificate of deposit accounts are insured by the Federal Deposit Insurance Corporation for up to $250,000. For more information and current CD rates visit: TCB