12 Month Certificate of Deposit Rates December 11th: Highest CD Rates at 1.10 Percent

Average 12 month certificate of deposit rates continued their agonizingly slow decent this week with no end in sight to the declines. Two banks have also decreased their 12 month CD rates as we head until the final weeks of 2012. In this week's National Rate and Rate Cap Survey released by the Federal Deposit Insurance Corporation (FDIC) average 12 month bank CD rates declined 1 basis point to 0.24 percent. Average jumbo CD rates this week also declined 1 basis point to 0.25 percent.