6 month CD Rates

As 2009 closes out, CD rates have not made a recovery and continue to slide downwards. 1 year CD rates are just over a 1% average yield and 2009 has not been pretty in the certificate of deposit market.

The average 5 year CD rate has been under 3% almost the entire year. In the good old days of 2008 you could get a 3 year CD with that sort of rate.

Here's a breakdown of the average CD rates. 3 month CD rates are sitting at .5% which is a drop from the week before. 6 month CD rates are at .78% which is also a drop. 1 year CD rates dropped to 1.05%. Average 18 month CDs are actually up from the previous week at 1.22%. 2 year rates are down to 1.53%. 3 year rates are at 1.85%, another drop. 4 year rates are down to 2.08% and finally 5 year rates are sitting at 2.36% which is another drop from the previous week. Hopefully the time of high CD rates will make a comeback in 2010.