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Tuesday, December 15, 2009

CD Rate Survey by Term

The top rate for a certificate of deposit (CD) this week is at Pentagon Federal Credit Union (fondly known as PenFed CU) where you can get a 7-year certificate that currently pays 4.00% APY.

For shorter terms, ING Direct has a 1-year CD with a 2.00% annual percentage rate. I bought one yesterday.

The one year US Treasury rate is currently 0.35%.

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities

The table below shows the best CD rates for other terms. If that table is hard to read, then try Very Best CD Rates.

CD Rates Survey as of 12/15/09
Term
Date
Highest
Rate (APY)
Where?
(Click link for Full Rate Sheets)
Vanguard Daily
12/15/09 0.08%
Vanguard Prime Money Market Fund
Vanguard Tax Exempt
12/15/09 0.13%
Vanguard Tax Exempt Money Market Fund
FDIC Daily Savings
12/15/09 1.70%
Colorado Federal Savings Bank => Full Rate Survey
High Yield MM
12/15/09 1.60%
Bank of Internet USA
6 Month CD
12/15/09 1.55%
UFB Direct
1 Year CD
12/15/09
2.00%
ING Direct
18 Month CD
12/15/09 2.05%
Colorado Federal Savings Bank
2 Year CD
12/15/09 2.25%
Discover Bank
3 Year CD
12/15/09 2.99%
Goldwater Bank
4 Year CD
12/15/09 3.00%
Capital One Direct Bank
5 Year CD
12/15/09 3.35%
Goldwater Bank
7 Year CD
12/15/09 4.00%
Pentagon Federal CU
10 Year CD
12/15/09 3.70%
Discover Bank
Vanguard Money Market Rates shown for Reference
==> Current US Treasury Rates as of 12/15/09 <==
TERM MATURITY DATEYIELD %
3-Month03/18/20100.04
6-Month06/17/20100.16
12-Month11/18/20100.35
2-Year11/30/20110.85
3-Year12/15/20121.37
5-Year11/30/20142.33
7-Year11/30/20163.07
10-Year11/15/20193.59
30-Year11/15/20394.52
With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities.

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Must Read:
Beware of Annuities - Payday Loans Warning