Comparison of Long Term National CD Rates

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Average CD rates for both short term and long term certificates of deposit are very low these days. Unfortunately CD rates will stay at very low levels for at least the next three years. The Federal Reserve just announced it will keep the Federal funds rate in a targeted range of zero percent to one quarter percent until mid-2015. The Fed recently extended the time period from the end of 2014 until mid-2015 to help the economy and lower the unemployment rate. A near zero percent Fed funds rate will keep downward pressure on all interest rates, including deposit rates.

Current 3 year bank CD rates are averaging 0.58 percent and current 3 year jumbo CD rates are averaging 0.59 percent in the FDIC's Weekly National Rate and Rate Caps Survey. The best CD rates on 3 year certificates of deposit are more than double the national average. The highest CD rates on 36 month certificates of deposit on our rate list are from CIT Bank. Current CIT Bank CD rates on 3 year CD accounts are at 1.41 percent with an APY of 1.42 percent. The minimum opening deposit for a CIT Bank certificate of deposit is $1,000.



The second highest CD interest rates on our 3 year rate list are from Discover Bank. Current 3 year Discover Bank CD rates are at 1.34 percent with an APY of 1.35 percent. The minimum opening deposit for a Discover certificate of deposit is $2,500.

Best 36 Month CD Rates This Week



  1. CIT Bank CD Rates 1.41% APY 1.42%

  2. Discover Bank CD Rates 1.34% APY 1.35%

  3. Doral Bank CD Rates 1.32% APY 1.33%

  4. VirtualBank CD Rates 1.30% APY 1.31%

  5. ableBanking CD Rates 1.29% APY 1.30%

  6. Barclays Bank CD Rates 1.29% APY 1.30%

  7. Ally Bank CD Rates 1.28% APY 1.29%

  8. Colorado Federal Savings CD Rates 1.24% APY 1.25%

  9. GiantBank.com CD Rates 1.24% APY 1.25%

  10. USAA Bank CD Rates 1.20% APY 1.21%


In this week's Weekly National Rates and Rate Cap Survey average 5 year CD rates at banks are at 0.94 percent. 5 year jumbo bank CD rates are not much higher averaging 0.95 percent. The highest CD bank rates on our 5 year rate list are almost double the national average rate.

The best CD rate on our 5 year national rate list is also from CIT Bank. The bank's current 60 month CD rates are at 1.83 percent with an APY of 1.85 percent. The minimum opening deposit for a 5 year CD account at CIT Bank is also only $1,000.

The second highest 5 year CD interest rate on our rate list is from two different banks. Discover Bank CD rates and iGOBanking CD rates on 5 year CD accounts are at 1.73 percent with an APY of 1.75 percent. The minimum opening deposit for a 5 year Discover Bank CD account is $2,500 and IGOBanking's minimum opening deposit is $1,000.

Best 60 Month CD Rates This Week



  1. CIT Bank CD Rate 1.83% APY 1.85%

  2. IGOBanking CD Rate 1.73% APY 1.75%

  3. Discover Bank CD Rate 1.73% APY 1.75%

  4. Barclays Bank CD Rate 1.69% APY 1.70%

  5. American Bank CD Rates 1.69% APY 1.70%

  6. Ally Bank CD Rate 1.68% APY 1.69%

  7. Doral Bank CD Rate 1.68% APY 1.69%

  8. Intervest National Bank CD Rate 1.68% APY 1.69%

  9. Colorado Federal Savings Bank CD Rates 1.64% APY 1.65%

  10. TAB Bank CD Rate 1.63% APY 1.64%


You can compare the highest CD rates at banks for many different CD terms by using our rate tables. We list both national CD rates and local CD rates to insure you get the best rates!
 
Author: Jason P. Jones
September 25th, 2012