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Best CD Rates at the End of 2016

CD rates are slowing moving higher and will continue to increase in 2017. The Federal Reserve has forecast the need to increase the fed funds rate at least three times in 2017 and possibly more, if needed. These increases will put upward pressure on both short term and long term CD rates.

Listed below are the best CD rates currently available for certificate of deposit terms ranging from 3 months to 60 months. Also listed below are current average CD rates for CD terms between 3 months and 5 years.

Best CD Rates Available as of December 30, 2016

  • 3 Month Rate – 0.88% Yield 0.88%
  • 6 Month Rate – 1.09% Yield 1.10%
  • 9 Month Rate – 0.96% Yield 0.96%
  • 12 Month Rate – 1.35% Yield 1.36%
  • 18 Month Rate – 1.39% Yield 1.40%
  • 24 Month Rate – 1.51% Yield 1.52%
  • 30 Month Rate – 1.44% Yield 1.45%
  • 36 Month Rate – 1.64% Yield 1.65%
  • 48 Month Rate – 1.79% Yield 1.81%
  • 60 Month Rate – 2.08% Yield 2.10%

Average CD Rates as of December 30, 2016

  • 3 Month Rate – 0.39%
  • 6 Month Rate – 0.74%
  • 12 Month Rate – 1.16%
  • 24 Month Rate – 1.35%
  • 60 month Rate – 1.74%

You can see a complete list of CD rates for all CD terms by searching our CD rates tables at MonitorBankRates.com.

 
Author: Brian McKay
January 1st, 2017