Most CD Rates Unchanged This Week

CD rates had a pretty good week — at least compared to their dismal performance over the past few months.

Three of the five average rates we follow are unchanged from last week. The two types of certificates of deposit that did fall declined by no more than two-hundredths of a percentage point.

Bankrate’s weekly survey of large banks and thrifts taken Sept. 9 found the average annual yield for a:

3-month CD remained at 0.45% for the second week. That’s the lowest average since the survey began tracking 3-month CD rates in March 1989.

6-month CD fell to 0.66% from 0.68% — the lowest average since the survey began tracking 6-month CD rates in January 1984.

1-year CD remained at 0.98% — the lowest average since the survey began tracking 12-month CD rates in October 1983.

2-year CD fell to 1.46% from 1.47%. That ties the year-to-date low set in June, and is the lowest average rate since August 2003.

5-year CD remained at 2.23% for the third week. That’s somewhat above the 2.15% reached in July, which was lowest average rate since the survey began tracking 60-month CDs in January 1984.

Use our extensive database of CD rates to compare the best deals from scores of banks.