Average Certificate of Deposit Interest Rates

The average yield on six month "Jumbo" certificates of deposit, which typically require deposits of $95,000 or more, remains at 0.15%.  A $100,000 six month jumbo CD would deliver $75 in interest.  The yield on five year jumbos is 0.80%.  A $100,000 five year jumbo CD would deliver $4081 in interest.

The average yield on six month small denomination "savings" CDs is 0.14%.  A $10,000 six month savings CD would spin off $7 in interest.  The average two year yield remains at 0.35% ($70 in interest on $10,000) and the five year savings CD is 0.78% ($397 in interest on $10,000).

Source:  Wall Street Journal

The information contained in this article does not constitute a recommendation, solicitation, or offer by D2 Capital Management, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. D2, its clients, and its employees may or may not own any of the securities (or their derivatives) mentioned in this article.

 

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