Certificates of Deposit-Traditional CD Rates Compared

Certificates of Deposit Best Rates Comparison

The following chart below compares rates on certificates of deposit between national certificates of deposit and traditional certificates of deposit nationwide. This certificate of deposit best rates comparison chart serves as a comparison and for illustration purposes only. The CD rates below are not current certificates of deposit rates.

Longer maturity of certificates of deposit means higher CD rates

The chart of certificates of deposit rates below shows that the longer the maturity of certificates of deposit, the higher the CD rates. Naturally, a 1 month certificate of deposit rate is lower than a 5 year CD rate.

National CD rates index is typically lower than traditional CD rates

The national index of CD rates for each maturity shows that most people just buy certificates of deposit from their local banks without truly shopping CD rates thoroughly. That is why, with a bit of research on certificates of deposit rates, you will most likely beat the national index of CD rates.

	National Index*	Traditional CD nationwide	You Gain
1 month	5.26%	6.30%	1.04%
6 month	6.20%	6.55%	0.35%
1 year	6.51%	6.55%	0.04%
2 year	6.63%	6.70%	0.07%
5 year	6.55%	6.80%	0.25%
All yields are annual percentage yields (APYs) as of 9/22/2000. *The National Index is the average rate paid by the 100 largest-asset banks and thrifts in the top 10 metropolitan areas.

This Certificates of Deposit website is an informational website only. Please consult your attorney or financial consultant when buying a certificate of deposit for your specific financial situation.