Certificate of Deposit Rates for the Week Ending August 14, 2009

Aug. 17, 2009 - PRLog -- It was a mild week for activity in CD rates.  The average of the best national CD rates closed out the week mostly running in place.  As a whole CD rates were unchanged with some maturities moving down slightly while others were up moderately.

On the short end of the CD yield curve, CD rates were modestly lower.  The best 6 month CD rates were untouched for the week with the average ending the week at 1.76%, right where they had started.  

The one year CD rates fell modestly, closing the week at 2.04%.  The one year CD rate reduction amounted to a loss of three basis points or 3/100 of a percent week over week.  

The average of the best two year CD rates produced a small gain for the week.  The two year CD rates ended the week at 2.36%, an increase of one basis point from the prior week.

Five year CD rates were also modestly lower for the week.  The average for the five year term CD rates dropped by two basis points to end the week at 3.36%.

The CD rates data comes from SelectCDrates.com weekly survey on bank CD rates for the week ending August 14, 2009.  

SelectCDrates.com weekly CD rate survey evaluates the best bank CD rates available across the nation for 6 month CD rates, 1 year CD rates, 2 year CD rates as well as 5 year CD rates.  This report is enhanced with a weekly rate survey on the best bank CD rates in the top 20 states.

SelectCDrates.com is read by thousands of readers searching for timely certificate of deposit rate data and incisive commentary on bank rates and savings products.  Selectrates.com is part of a network of personal finance web sites published by SelectRates Media, Inc.

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SelectRates Media, Inc. of Naperville Illinois owns and operates http://www.selectCDrates.com along with http://www.bestcreditcardrates.com, http://www.selectautorates.com, http://www.findlocalmortgagerates.com and http://www.selectcalculators.com.