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CD Rates Index – Week of January 7, 2013

Banking, CDs
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

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