Bankratesauthority known for best Cd rates comparison in the country. We offer you best CD rates and money market saving tips, saving account comparison and mortgage loan services. Cd’s (Certificate of deposits) are insured, virtually risk-free investments that turn mundane banking into a wonderful experience and are every investor’s choicest banking option because they:

  • Flexible option of staggering the maturity dates of an account.
  • Provide you with the facility of accessing a portion of your money.
  • Involve the least risk of all higher yield accounts.
  • Provide Risk Tolerance schemes.
  • Provides high interest rates and Preserve the principal investment amount.

CD rates are indicative of inflation. The only way banks can signal the change in interest rates is by keeping long-term CD rates relatively low. The best thing to do would be to follow the seesaw rule: when the rates go down or stay the same, lean toward the longer terms and when they go up, lean toward shorter term Cd’s or money market funds. You could also choose to follow the CD ladder strategy. At least, you won’t drown either way! Cd’s however, involve a penalty for an early withdrawal.

CD (Certificate of deposit) accounts is a type of saving account that is virtually insured by fixed term account that ranges from three months and six months to one year and all the way to five years and longer. CD accounts usually have higher interest rates than other Savings accounts because here money is kept in the bank for a certain amount of time. For Cd’s, there is now very low minimum balance required and you can open a CD with zero balance also.

Average CD Rates

  • Six months CD rates are at 0.873 percent this week, down from the prior week’s average rate of 0.878 percent.
  • Twelve months CD rates are averaging 1.154 percent this week, down from the previous week’s average rate of 1.161 percent.
  • Eighteen month CD rates are averaging 1.320 percent this week, down from last week’s average rate of 1.325 percent.
  • Two year or 12 months CD rates are averaging 1.622 percent, down from 1.631 percent the prior week.
  • Three year CD Rates are averaging 1.928 percent, down from 1.934 percent.