Advertiser Disclosure

CD Rates Index – Week of January 7, 2013

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here's how we make money.
cds

CD Rates continue their slow decline this week, with all but 5 year CDs breaking the 1% APY mark. However, you can still find a short-term account for a much higher rate than a typical savings account (especially if you seek out promotional rates).

Reference Table:

Length of Term (months) Average Promo APY Average Reg. APY
3 0.31% 0.17%
6 0.44% 0.27%
12 0.53% 0.41%
18 0.52% 0.47%
24 0.63% 0.62%
30 0.86% 0.64%
36 0.81% 0.82%
48 0.90% 0.98%
60 1.27% 1.21%

CD rates that beat the average

Short-term CDs

Institution State Term APY Notes
Navy Army Community CU TX 3 months 1.00% Min $1,000
URW Community FCU VA 6 months 1.00% Min $2,500
Veridian CU IA 9 months 0.90% CD SPECIAL: ‘Min $1,000

1-2 year CDs

Institution State Term APY Notes
Texas Workforce CU TX 2 years 1.51% Min $5,000
AB & W Credit Union Inc. VA 2 years 1.50% Min $1,000
Red River Employees FCU TX 2 years 1.46% Min $500

3+ year CDs

Institution State Term APY Notes
General Electric Credit Union OH 5 years 2.33% Min $500
Progressive Credit Union NY 5 years 2.32%
Main Street Financial Federal Credit Union LA 5 years 2.00% Min $1,000

Banking image via shutterstock