bank rates

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

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  1. Elena said:
    on June 6th at 07:41 am

    Your credit score will dieenatfly go up, but it’s hard to tell by how much. depends on other factors like how long you’ve had your credit cards, any delinquent accounts, total debt etc. But making a large decrease in debt like you’ve described will actually boost your score quickly.