bank rates

Bank Interest Rates

Searching for the best CD and MMA rates in the country? Bankaholic offers CD and MMA rates from major banks, lenders and credit unions.

CD RATESCD (Certificate of Deposit) Rates
Compare the highest CD rates available nationally with fixed interest rates ranging from 3 months to 5 years.

MONEY MARKET RATESMoney Market & Savings Account Rates
Compare the highest money market and online savings account rates available nationally.

What is a CD?

A certificate of deposit is a time deposit account. A bank agrees to pay interest at a certain rate if savers deposit their cash for a set term, or period of time. There are a variety of different CDs.

What is a money market account (MMA)?

A money market account is a savings account that allows a limited number of checks to be drawn from the account each month. How much interest a money market account pays, and whether it’s the highest-paying deposit product offered, varies for each account from bank to bank.

What is the average CD interest rate?

Currently, 1-year CDs are averaging around 0.40 percent nationally according to Bankrate. If you’re willing to buy a 5-year CD, you can expect around 1 percent.

What is the average MMA rate?

According to, the national average MMA rate is around 0.10 percent. The best MMA rate currently available to all savers is more than 10 times that amount.

The best MMA rate available to all savers is 1.5 percent APY. That’s more than 10 times the national average, according to Bankrate’s latest national survey of banks and thrifts. But there are more than a dozen banks that offer money market rates as high as 1.2 percent APY.

Whether shopping for a CD or MMA, make sure you compare several offers to get the best rate for your needs.