1 Year CD Rates at Banks Mover Lower in January

1 year bank CD rates moved lower in January, continuing the downtrend of the past four years. Current 1 year CD rates at banks are averaging 0.23 percent in the FDIC's National Rate and Rates Cap Survey for January 22, 2013. 1 year CD rates are down from the December 24, 2012, average rate of 0.24 percent.

The best CD rates on 1 year certificates of deposit this month are from Colorado Federal Savings Bank and GE Capital Retail Bank. Both banks are currently offering 1 year CD rates at 1.04 percent with an APY of 1.05 percent.

Last month the best CD rates on 1 year CDs were slightly higher at 1.10 percent with an APY of 1.11 percent. Both average CD interest rates and the highest CD rates will continue to move lower in 2013. The declines in 2013 will be small just because rates are already low they can't fall that much more.

The second highest 1 year CD rate on our list this week is from E-Loan.com. Current 1 year E-loan CD rates are at 1.02 percent with an APY of 1.02 percent. The third highest CD rate on our list this week is from three different banks at 1.00 percent. Discover Bank 1 year CD rates, ablebanking 1 year CD rates and OneWest Bank 1 year CD rates are all at 1.00 percent with an APY of 1.00 percent.

Following is a current list of the best CD rates on 1 year certificates of deposit this week. I also decided to provide last month's best 12 month list so you can see how rates have fallen the past month.

January 2013 Best CD Rates

• GE Capital Retail Bank CD Rates 1.04% APY 1.05%
• Colorado FSB CD Interest Rates 1.04% APY 1.05%
• E-Loan.com Interest Rates 1.02% APY 1.02%
• Discover Bank CD Rates 1.00% APY 1.00%
• ablebanking CD Rates 1.00% APY 1.00%
• OneWest Bank FSB CD Rates 1.00% APY 1.00%
• Doral Bank CD Rates 0.98% APY 0.98%
• Ally Bank CD Rates 0.97% APY 0.97%
• California First National Bank CD Rates 0.95% APY 0.95%
• Barclays Bank CD Rates 0.90% APY 0.90%

December 2012 Best CD Rates

• AloStar Bank of Commerce CD Rate 1.10% APY 1.11%
• Sallie Mae Bank CD Rate 1.04% APY 1.05%
• Colorado Federal Savings Bank CD Rate 1.04% APY 1.05%
• MetLife Bank CD Rate 1.04% APY 1.05%
• Able Banking CD Rate 1.04% APY 1.05%
• CIT Bank CD Rate 1.04% APY 1.05%
• Ally Bank CD Rate 1.03% APY 1.04%
• E-Loan CD Rate 1.02% APY 1.02%
• California First National Bank CD Rate 1.01% APY 1.01%
• Discover Bank CD Rate 1.00% APY 1.00%

You can search for a current list of the best rates by using our rate tables below. You can search for region rates and national rates on all certificate of deposit terms. We also list the top rates on IRA CD accounts and jumbo CD accounts.