The current national average 12 month CD rate is 0.77 percent this morning. There are CD rates available from banks and credit unions that are higher than the national average CD rates. We have compiled a list of the best bank CD rates and credit union CD rates in San Diego, California.

The best 12 month CD rate on our list in San Diego, CA is from Sallie Mae and Flagstar Bank. Both banks are currently offering their 1 year CD rate at 1.54 percent with an annual percentage yield of 1.55 percent. The bank’s CD rates are exactly double the current national average 12 month CD rate. The minimum opening certificate of deposit account balance at Flagstar Bank is $500. Sallie Mae Bank’s minimum opening deposit is only $1.

Bank of Internet has the second highest CD rate on our list of 12 month rates in San Diego, CA. Bank of Internet’s current 12 month CD rate is offered at 1.47 percent with an APY of 1.48 percent. The minimum opening CD account balance at Bank of Internet is $1,000. 

Best 12 Month CD Rates in San Diego, California

• Sallie Mae 1.55% APY Min $ 1 
• Flagstar Bank 1.55% APY Min $500 
• Bank of Internet USA 1.48% APY Min $1000 
• Giantbank.com 1.46% APY Min $2500 
• Discover Bank 1.45% APY Min $2500 
• Nationwide Bank 1.45% APY Min $10,000 
• Ally Bank 1.44% APY Min $ 1 
• AIG Bank 1.41% APY Min $2500 
• Tennessee Commerce Bank 1.35% APY Min $2500 
• PenFed 1.31% APY Min $1000 
• American Express Bank FSB 1.30% APY Min $ 0 
• La Jolla Bank 1.30% APY Min $10,000 
• Luther Burbank Savings 1.20% APY Min $1000 
• EverBank 1.15% APY Min $1500 12 mo
• BankDirect 1.11% APY Min $10,000 
• ING DIRECT 1.00% APY Min $ 1 
• First Internet Bank of IN 1.00% APY Min $1000 
• CapitalSource Bank 0.90% APY Min $10,000 
• HSBC Advance 0.90% APY Min $1000

Compare CD rates from several banks and credit unions in minutes at MonitorBankRates.com. Use our free CD calculator and CD ladder calculator to calculate your certificate of deposit investment return.

American Express Bank, the banking division of the credit card company American Express, is offering their High Yield Savings Account that currently has a savings account rate of 1.29% with an annual percentage yield of 1.30%. American Express’ current high yield savings account rate is about 5 times the current national average savings account rate of 0.26%.

For more information about American Express’ High Yield Savings Account go to: American Express High Yield Savings.

Interest earned on the high yield savings account is compounded daily and credited to your account monthly. American Express is also advertising some of the highest CD rates available right now.

High Yield Savings account and certificate of deposit accounts are insured by the Federal Deposit Insurance Corporation for up to $250,000. Since savings accounts are variable rate accounts, the 1.30 annual percentage yield can change at anytime. As with all savings accounts you are limited to six withdrawals per calendar month.

The Dodd-Frank Wall Street Reform and Consumer Protection Act permanently raises the current standard maximum deposit insurance amount (SMDIA) to $250,000. Until the recent change, the $250,000 limit was going to revert back to $100,000 after December 31, 2013.  The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.

Open an American Express Bank High Yield Savings Account here: American Express High Yield Savings.

CD rates and mortgage rates continue to head lower as poor economic data is released weekly. The latest weak economic data included an unexpected rise in first time claims for U.S. unemployment benefits which are now at a nine month high of 500,000 and a drop in manufacturing activity in the Philadelphia region.

The recent weak data has driven 10 year U.S. bond yields down near 2.50 percent. Late last month 10 year bond yields were near 3.00 percent and in early June yields were around 3.50 percent. Mortgage rates and CD rates continue to hit new lows weekly following bond yields lower.

National average CD rates have been slowly going down for the past several months which is bad news for depositors. On May 6th, 12 month CD rates were averaging 1.48 percent. Current 12 month CD rates are almost half that rate averaging 0.86 percent.

• Calculate your CD investment return by using our free CD calculator and free CD ladder calculator.

You can view weekly national average CD rates at weekly CD rates and today’s CD rates below. 

• 3 Month CD Rates 0.351% 
• 6 Month CD Rates 0.612% 
• 12 Month CD Rates 0.866% 
• 18 Month CD Rates 1.025% 
• 24 Month CD Rates 1.300% 
• 36 Month CD Rates 1.701% 
• 48 Month CD Rates 1.968% 
• 60 Month CD Rates 2.286%

National average mortgage mortgage rates have also been going lower for the past several months which is good news for home buyers and those looking to refinance a mortgage. On January 4th, 30 year conforming fixed mortgage rates were averaging 5.81 percent. Current 30 year mortgage rates are averaging  4.49 percent, another record low. View weekly national average mortgage rates at weekly mortgage rates and today’s mortgage rates below.

• 30 Year Fixed Conforming 4.490%
• 30 Year Fixed Jumbo 5.050%
• 15 Year Fixed Conforming 3.865%
• 15 Year fixed Jumbo 4.508%
• 1 Year ARM Conforming 3.195% 
• 1 Year ARM Jumbo 5.357%
• 3/1 Year ARM Conforming 3.927%
• 3/1 Year ARM Jumbo 4.188%
• 5/1 Year ARM Conforming 3.488%
• 5/1 Year ARM Jumbo 3.906%
• 7/1 Year ARM Conforming 3.705%
• 7/1 Year ARM Jumbo 4.443%
• 10/1 Year ARM Conforming 4.025%
• 10/1 Year ARM Jumbo 4.996%
• Interest Only: 3/1 Year ARM Conforming 4.133%
• Interest Only: 3/1 Year ARM Jumbo 4.551%
• Interest Only: 5/1 Year ARM Conforming  3.659%
• Interest Only: 5/1 Year ARM Jumbo  4.320%
• Interest Only: 7/1 Year ARM Conforming 3.858%
• Interest Only: 7/1 Year ARM Jumbo 4.824%
• Home Equity Line of Credit 4.762%
• Home Equity Loan – 10 Years  7.009%
• Home Equity Loan – 15 Years 7.377%

Average 30 year conforming mortgage rates are even lower in some states. Right now 30 year conforming mortgage rates in Illinois are averaging 4.47 percent. 30 year conforming mortgage rates in Florida are even lower averaging 4.44 percent. Calculate monthly mortgage payments by using our free mortgage calculator.

You can display national average CD rates, national average mortgage rates or state specific average mortgage rates by using our free widgets.

CD rates continue to slowly decline and there isn’t any positive news to drive CD rates higher for the foreseeable future. In the FOMC’s most recent statement on monetary policy released on August 10, 2010, the Fed said “the pace of recovery in output and employment has slowed in recent months”.

The Fed also said inflation still isn’t a concern: ”Measures of underlying inflation have trended lower in recent quarters and, with substantial resource slack continuing to restrain cost pressures and longer-term inflation expectations stable, inflation is likely to be subdued for some time.”

The Fed also plans to keep the targeted Fed funds rate between zero percent and one quarter percent for an extended period of time. As long as the economy is in slow motion and Fed funds rate is near zero percent CD rates will be dismal.

The national average 6 month CD rate is 0.61 percent this morning. We have 6 month CD rates higher than the national average 6 month CD rates. We have compiled a list of the best 6 month bank CD rates and credit union CD rates in Chicago, Illinois, by using our CD rate tables.

• Use our CD calculator to calculate your CD investment return.

The best 6 month CD interest rate on our list in Chicago is offered by FlagstarBank. Flagstar Direct’s current 6 month bank CD interest rate is 1.24 percent with an annual percentage yield 1.25 percent. That CD interest rate is double the current national average 6 month CD interest rate. The minimum opening certificate of deposit account balance at Flagstar Bank is $500.

Ally Bank has the second best 6 month CD rate on our list of best CD rates in Chicago. Discover Bank’s current 6 month CD rate is 1.13 percent with an APY of 1.14 percent. The minimum opening CD account balance at Discover Bank is $2,500.

Next on our list of the best CD rates in Chicagois GiantBank.com.  The bank’s current 6 month CD rate is 1.10 percent with an APY of 1.11 percent. The minimum opening CD account deposit at Giantbank is $2,500.

Best 6 Month CD Rates Chicago, Illinois

• Flagstar Bank 1.25% APY Min $500 
• Ally Bank 1.14% APY Min $ 1 
• Giantbank.com 1.11% APY Min $2500 
• Discover Bank 1.10% APY Min $2500 
• AIG Bank 1.06% APY Min $2500 
• Tennessee Commerce Bank 1.00% APY Min $2500 
• Nationwide Bank 1.00% APY Min $10,000 
• Pentagon Federal Credit Union 0.90% APY Min $1000 
• PenFed 0.90% APY Min $1000 
• BankDirect 0.90% APY Min $10,000 
• EverBank 0.85% APY Min $1500 9 mo
• ING DIRECT 0.75% APY Min $ 1 
• First Internet Bank of IN 0.75% APY Min $1000 
• Bank of Internet USA 0.75% APY Min $1000 
• Ameriprise Bank FSB 0.60% APY Min $10,000 
• E-LOAN.com 0.55% APY Min $10,000 
• American Express Bank FSB 0.50% APY Min $ 0 
• Central Illinois Bank 0.45% APY Min $500 
• Allstate Bank 0.40% APY Min $1000 
• Foster Bank 0.37% APY Min $1000 
• Bank of America 0.35% APY Min $10,000 
• Citibank 0.35% APY Min $10,000

Do you own a personal financial website or real estate website? MonitorBankRates.com offers a free CD rates widget, savings rates widget and mortgage rates widgets you can use to keep your website visitors up to date with the most current interest rates. We also offer a free mortgage calculator you can use to figure out monthly mortgage payments.

Bank of Internet, an online bank, is advertising some very competitive CD rates right now. Bank of Internet is advertising certificates of deposit available in terms ranging between 3 months to 5 years and every month in between. The minimum opening CD balance is $1,000.

Bank of Interest also offers Corporate CD rates.

Bank of Internet’s 3 month to 5 month CD rates are at 0.35 percent with an annual percentage yield of 0.35 percent. 6 month to 11 month CD rates are at 0.75 percent with an APY of 0.75 percent.

Tip: Use a CD calculator to figure out how much interest you will earn on a certificate of deposit investment.

Bank of Internet’s 12 month bank CD rates were recently raised. The banks’ current 12 month CD rate is 1.47 percent with an APY of 1.48 percent. That CD rate is higher than the current national average 12 month CD rate of 0.81 percent. 

Bank of Internet CD Rates

• 3 to 5 Month Bank CD Rates 0.35% APY 0.35%
• 6 to 11 Month Bank CD Rate 0.75% APY 0.75%
• 12 to 23 Month Bank CD Interest Rates 1.47% APY 1.48%
• 24 to 35 Month Bank CD Interest Rate 1.87% APY 1.89%
• 36 to 47 Month CD Rates at Bank 2.16% APY 2.18%
• 48 to 59 Month CD Rates 2.38% APY 2.41%
• 60 Month CD Rates 2.68% APY 2.72%

Bank of Internet Corporate CD Rates

• 12 Month CD Rates 1.47% APY 1.48%
• 24 Month CD Interest Rates 1.87% APY 1.89%
• 36 Month CD Rates 2.16% APY 2.18%
• 48 Month CD Rates 2.38% APY 2.41%
• 60 Month CD Rates 2.68% APY 2.72%

CD rates change constantly. For a current list of bank CD interest rates at Bank of Internet visit bankofinternet.com.

CD rates are so low these days if we ever return to a 5.00 percent 12 month CD rate everyone will rejoice, even a 3.00 percent 12 month CD rate will be cause for celebration. Now back to the present dismal rates. The current national 12 month CD rate is averaging 0.87 percent this morning. The national average 12 month CD rate has been under 1.00 percent since early April of 2010. 

The current national average 3 month CD interest rate is 0.38 percent this morning. Longer term average CD rates at banks and credit unions are not much higher. The current average 60 month CD rate is 2.30 percent. Of course you can find bank CD rates and credit union CD rates better than the national average CD rates. 

We have compiled a list of the highest CD rates from credit unions and banks in New York, New York, using our CD rate tables. You can use our CD calculator to calculate the return on your certificate of deposit investment using the CD rates and CD yields below.

The best 3 month CD rate on our list of best CD rates is from Marathon National Bank. The bank’s current 3 month bank CD rate is 1.00 percent with an annual percentage yield (APY) of 1.00 percent. That CD rate is more than double the current average 3 month CD interest rate.

Flagstar Bank has the highest 6 month CD rate on our 6 month CD rate list in New York, NY. Flagstar Bank’s current current 6 month bank CD rate is 1.24 percent with an APY of 1.25 percent. That CD rate is almost three times the current national average 6 month CD rate of 0.43 percent.

Flagstar Bank and Sallie Mae Bank have the highest 12 month CD interest rates on our list in NYC. Both bank’s currently have a 12 month bank CD rate of 1.54 percent with an APY of 1.55 percent.

Best CD Rates and CD Yields in New York, New York

Best 3 month CD Rates and CD Yields

• Marathon National Bank CD Rates 1.00% APY 1.00% Min $1000
• Broadway National Bank CD Rates 0.85% APY 0.85% Min $500
• First National LI CD Rates 0.85% APY 0.85% Min $1000
• BankDirect CD Rates 0.75% APY 0.75% Min $10000
• Tennessee Commerce Bank CD Rates 0.75% APY 0.75% Min $2500
• Eastbank CD Rates 0.75% APY 0.75% Min $2500

Best 6 month CD Rates and CD Yields

• Flagstar Bank CD Rate 1.24% APY 1.25% Min $500 
• Ally Bank CD Rate 1.13% APY 1.14% Min $ 1 
• Giantbank.com CD Rate 1.10% APY 1.11% Min $2500 
• Broadway National Bank CD Rate 1.10% APY 1.11% Min $500 
• Discover Bank CD Rate 1.09% APY 1.10% Min $2500 
• AIG Bank CD Rate 1.06% APY 1.06% Min $2500

Best 12 month CD Rates CD Yields

• Flagstar Bank CD Interest Rates 1.54% APY 1.55% Min $500 
• Sallie Mae CD Interest Rates 1.54% APY 1.55% Min $ 1 
• Discover Bank CD Interest Rate 1.49% APY 1.50% Min $2500 
• Capital One Direct Banking CD Interest Rate 1.49% APY 1.50% Min $5000 
• Giantbank.com Rates 1.45% APY 1.46% Min $2500 
• Ally Bank Rates 1.45% APY 1.46% Min $ 1 

Website owners, you can use our free CD rate widget, free savings rate widget and free mortgage rate widget to keep your visitors up to date on all interet rates.

Black River Country Bank based in Black River Falls, Wisconsin, is still offering some of the highest CD rates currently available even though the bank recently lowered their CD rates. Black River Country Bank is offering certificate of deposit with terms ranging between 6 months and 5 years. The minimum opening certificate deposit amount at Black River Country Bank is $1,000.

Black River Country Bank’s short term CD rates are some of the best CD rates available compared to other short term CD rates at banks and credit unions. Black River Country Bank’s 6 month bank CD rate is 1.15 percent with an annual percentage yield of 1.15 percent. The bank’s 6 month CD rate is still considerably higher than the current national average 6 month CD rate of 0.63 percent.

Black River Country Bank’s 12 month bank CD rate is still one of the best 12 month CD rates available. The bank’s current 12 month CD is 1.45 percent with an annual percentage yield of 1.46 percent.

Black River Country Bank CD Interest Rates

• 6 Month CD Rates 1.15% APY 1.15%
• 1 Year Bank CD Rates 1.45% APY 1.46%
• 2 Year CD Interest Rates 1.90% APY 1.91%
• 3 Year CD Rate 2.20% APY 2.22%
• 4 Year Bank CD Rate 2.50% APY 2.52%
• 5 Year CD Rates at Bank 2.75% APY 2.78%

For a current list of Black River Country Bank’s CD interest rates visit brcbank.com.

Which direction are CD rates headed in the near future? Unfortunately for depositors, CD rates will stay at these low levels for the rest of 2010 and possibly stay low into 2011. The economy is slowing down and inflation isn’t a threat to force the FOMC to increase interest rates. In fact, these days there is more of a concern about deflation than inflation.

Recent economic numbers, including GDP released on Friday showed the economy slowing to a 2.4 percent annual rate for the second quarter, down from the first quarter’s rate of 3.7 percent.  

The Federal Reserve’s Beige Book report last week showed economic activity continues to increase modestly but two districts, Atlanta and Chicago, said the pace of economic activity slowed recently.

The Federal Reserve also revised down their outlook for growth in their June minutes released late last month. The fed believes inflation still isn’t a concern at this point for them to raise interest rates. A slowing economy and low inflation will keep a lid on CD rates for the foreseeable future.

Here is a list of the national average CD rates as of August 2, 2010.

Current National Average CD Rates

Ally Bank  has consistently offered some of the best CD rates available for awhile now and the bank’s current CD rates are no exception. Ally Bank offers certificate of deposit terms ranging as short as 3 months and as long as 60 months. In addition to Ally Bank’s High Yield CDs the bank also offers a Raise Your Rate CD and a No Penalty CD.

The No Penalty CD is available in an 11 month CD term. The current 11 month No Penalty CD Rate is 1.34 percent with an annual percentage yield of 1.35 percent. The 11 month CD rate is pretty good considering you can withdraw your money with interest at anytime after the first 6 days. That 11 month CD rate also beats most 12 month CD rates currently available.

Ally Bank’s Raise Your Rate CD is available in a term of 2 years. The current Raise Your Rate CD rate is 1.90 percent with an APY of 1.92 percent. You can the option of raising your CD rate once during the certificate of deposit term. The current 2 year CD rate is also one of the best 2 year CD rates available right now.

Ally Bank CD Rates

• 3 Month Bank CD Rates 0.69% APY 0.69%
• 6 Month Bank CD Rate 1.13% APY 1.14%
• 9 Month CD Rate 1.00% APY 1.00%
• 12 Month CD Rates 1.47% APY 1.48%
• 18 Month CD Interest Rates 1.59% APY 1.60%
• 3 Year CD Interest Rate 2.22% APY 2.24%
• 4 Year CD Rates at Bank 2.43% APY 2.46%
• 5 Year CD Rates at Bank 2.90% APY 2.94%

Certificate of deposit rates can change constantly for a current list of Ally Bank’s CD interest rates go to Ally.com

The average CD rate is darn right dismal and has been for awhile now. CD rates were expected to start headed higher in 2010 but that might not happen until 2011. There has been a slew of poor economic numbers released recently that is pointing to a slowing economy.

The June FOMC minutes also show the fed revised down their outlook for growth. The fed also believes inflation still isn’t a concern at this point for them to raise interest rates. CD rates won’t be heading higher until we see stronger growth and the fed raises interest rates.

Looking for the highest CD rates at banks and credit unions? Use our CD rate tables at CDRates.MonitorBankRates.com to find the best CD rates in your area.

The national average 12 month CD interest rate is 0.83 percent. Although the national average 12 month CD rates are dismal, you can find 12 month CD rates a lot better than the national average rate.

We search our CD rate tables for the highest 12 month CD rates in NJ. The current highest CD rate is from Flagstar Bank and Sallie Mae Bank. Both banks are currently offering their 12 month CD rates at 1.54 percent with an annual percentage yield of 1.55 percent.

Discover Bank has the second highest CD rate on our 12 month CD rate list in NJ. Discover Bank’s current 12 month CD rate is 1.49 percent with an APY of 1.50 percent. 

AIG Bank has the third best CD rate on our list. AIG Bank’s current 12 month CD interest rate is 1.48 percent with an APY of 1.49 percent.

Ally Bank has the fourth highest 12 month CD rate. The bank’s current 12 month CD rate is 1.47 percent with an APY of 1.48 percent. Following is our list of the highest 12 month CD rates in New Jersey.

Highest CD Rates in New Jersey (NJ) 12 Month CD Rates

• Flagstar Bank 1.55% APY Min $500
• Sallie Mae 1.55% APY Min $ 1
• Discover Bank 1.50% APY Min $2500
• AIG Bank 1.49% APY Min $2500
• Ally Bank 1.48% APY Min $ 1
• Giantbank.com 1.46% APY Min $2500
• Nationwide Bank 1.45% APY Min $10,000
• Tennessee Commerce Bank 1.40% APY Min $2500
• Pentagon Federal Credit Union 1.31% APY Min $1000
• PenFed 1.31% APY Min $1000
• American Express Bank FSB 1.30% APY Min $ 0
• Bank of Internet USA 1.26% APY Min $1000
• Hudson City Savings Bank 1.25% APY Min $500
• Manasquan Saving Bank 1.20% APY Min $500
• EverBank 1.19% APY Min $1500
• Boiling Springs Savings Bank 1.15% APY Min $1000
• BankDirect 1.11% APY Min $10000
• Haven Savings Bank 1.10% APY Min $100
• Bogota Savings Bank 1.10% APY Min $1000
• Kearney Federal Savings Bank 1.10% APY Min $500
• Oritani Savings 1.10% APY Min $1000
• HSBC Advance 1.01% APY Min $1000
• ING DIRECT 1.00% APY Min $ 1
• First Internet Bank of IN 1.00% APY Min $1000
• Bay Ridge Federal Credit Union 1.00% APY Min $500
• Investors Savings Bank 1.00% APY Min $500
• Columbia Bank 1.00% APY Min $500