One Year CD Rates for June 5, 2009 from SelectCDrates.com
PRLog (Press Release) –
Jun 07, 2009 – One year CD rates accelerated their descent for the week of June 5, 2009. The average for the top ten highest CD rates available nationally ended the week at 2.45% down six basis points or 6/100 of a percent for the week. In the past 30 days, the one year CD rate has fallen by 16 basis points.
The highest one year CD rate comes from Corus Bank with an interest rate of 2.63%. Corus Bank reduced its rate five basis points for the week while the previous category leader, Ally Bank, has reduced their one year CD rate from 2.80% to 2.49% to drop down to fourth position. The next best one year CD rate belongs to Hanmi Bank with a rate of 2.53%, this rate is unchanged from the prior week. Wilshire State Bank’s one year CD rate is one basis point lower at 2.52%. The spread between the highest and lowest one year CD rate is 28 basis points, a far tighter range than previous weeks.
As more troubled banks are reigned in by the FDIC and the banking environment improves the competition to lure in depositors may be fading. For the past year funds have flowed into the banks but as the stock market is now rising and Treasury rates increasing its hard to see how these low CD rates will remain. Surely rollovers of existing CD that are maturing only to find lower current CD rates will search for the best overall market return and either move out of CDs or stay at the lowest term possible waiting for better rates.
The spread between the average of the best six month CD rates and one year CD rates has fallen to 38 basis points. Last week the difference between these two different term CDs was 46 basis points and at the start of May it was at 47 basis points. Reaching for longer term CD rates is losing some of its appeal with narrower spread in the terms for national rates. State and regional CD rates are holding up slightly better in some markets making it essential that the CD rate shopper keep their eye on more than just the national bank rates.
SelectCDrates.com is the leading industry tool for selecting the best CD rates. SelectCDrates.com provides bank rate data on banks locally and nationally to help consumers quickly find the best rates to fit their needs. SelectCDrates.com achieves the goal of publishing the best rate information by searching for the highest bank rates with web crawlers, telephone surveys and local market research. SelectCDrates.com staff provides current statistics on economics news that impacts the bank and credit markets as well as in depth articles on bank products and services. To view all the bank CD rates and articles visit http://www.selectcdrates.com.
# # #
SelectRates Media, Inc. of Naperville Illinois owns and operates http://www.selectCDrates.com. along with http://www.selectcalculators.com, http://www.selectautorates.com and http://www.bestcreditcardrates.com.
- Proposal to make Phuket Tax free.
- The rise of Captain EO since the death of Michael Jackson
- Knight Investments LLC recently reviewed the new technology by Physicists on Quantum Bits
- The Prizewinning Difference Of Accessories For Your Places
- Quality Online Medical Billing: Save 60% on Medical Billing Cost
- Urgent Payday Loans: - solve your short term financial problems
- Americana Community Bank Celebrates 20th Anniversary
- iBrand Community Showcase Features Scooter Direct - Enhancing Your Safety with The Active Walker
- Recession boosts Internet Market
- Jaltek Group Acquires IRIS Technology Limited - 5th June 2009
- An introduction of World Expo 2010 Shanghai China
- London Samsung Hard Drive Data Recovery
- Newest Sexy Mp5 from Electronics Wholesaler ePthChina Leads Fashion Against Younger Generation
- Plimus Introduces New Payment Methods
- METOM M21 unlocked GSM quad band TV cell phone
PRLog (Press Release) – Jun 21, 2009 – The measure was part of proposals made by Thailand ’s largest retail conglomerate, Central Retail Corporation (CRC), along with with major suppliers who are seeking government support for retail and related industries. The priority issues, they say, are raisin
PRLog (Press Release) – Jul 13, 2009 – Since the death of Michael Jackson on June 25, 2009, the short movie Captain EO has regained popularity on the internet on such sites as Twitter and Facebook, as well as MTV.com’s movie blog. At the time it was the most expensive film ever produced on a per-mi
PRLog (Press Release) – Jul 09, 2009 – Knight Investments LLC Officials recently converged to discuss how the recent advances in technology under the National Institute of Standards and Technology (NIST) have revolutionized computer technology. Physicists at the National Institute of Standards and
PRLog (Press Release) – Jun 21, 2009 – Nowadays, it is quite arduous to opt for the prizewinning home, office; kitchen and clean palm clog from magnitude of online stores. Therefore, our Fleur-de-lis is acquirable for you to intend what you have to for palm of your homes duty and other places you h
PRLog (Press Release) – Jun 06, 2009 – Medical Billing is helpful for insurance company, hospitals and medical practitioners to get better idea about services and charge for those services. Errors such as under pricing, under coding and missed charges create big loss in the medical practice income.
PRLog (Press Release) – Jun 22, 2009 – With urgent loans you can get cash in a very easy and convenient way. If you have a need of money at a time when you don’t have any source of money and your payday is also still a lot of days away, Urgent loan is the best helper you can have to meet your unexp
PRLog (Press Release) – Jul 13, 2009 – WHO: Americana Community Bank – Medford WHAT: Americana Community Bank 20th Anniversary Celebration WHERE: Americana Community Bank 115 First Street Northeast Medford, MN 55049 WHEN: Wednesday, July 15, 2009
PRLog (Press Release) – Jul 12, 2009 – Enhancing your safety in the house or at the shopping mall Design has been the key element in the development of the Active from the start. This rollator is the perfect companion for taking strolls outdoors, shopping trips to the local supermarket, or enhanci
PRLog (Press Release) – May 31, 2009 – Website owners of the vitamin treehouse.com and tigi official.com have now launched the Essential Beauty Store.com, a site providing goods such as sunglasses and perfumes to males and females world wide. Operations Director Philip Fairclough explains that the
PRLog (Press Release) – Jun 04, 2009 – Leading technology services and solutions development group, Jaltek, has recently completed the acquisition of Lancaster based IRIS Technology Ltd, a highly regarded remote asset telemetry and monitoring solutions company. By acquiring IRIS, Jaltek has further
PRLog (Press Release) – Jun 14, 2009 – Source: http://expo.busiunion.com World Expositions are galleries of human inspirations and thoughts. Since 1851 when the Great Exhibition of Industries of All Nations was held in London, the World Expositions have attained increasing prominence as grand even
PRLog (Press Release) – Jun 14, 2009 – Creative IT, based in London, UK is a leading data recovery company providing Samsung hard drive data recovery services to clients right through London and the UK including individual and corporate customers. Our Samsung hard disk data recovery specialists are
PRLog (Press Release) – Jun 25, 2009 – Do you want to have one mp5 to see the film and at the same time it leads a TV function? The newest mp5 launched by the distributor of China electronics wholesale ePathChina (http://www.epathchina.com) will make you feel the unique amusement while hearing and
PRLog (Press Release) – Jun 23, 2009 – Plimus Inc., provider of the leading independent outsourced e-business platform, has introduced 9 new payment services in several Asian and European countries. “As the preferred E-Commerce provider of online sellers worldwide, Plimus is committed to eliminat
PRLog (Press Release) – Jul 15, 2009 – METOM M21 TV Quad-band dual cards cell phone Wholesale from china,cheap METOM M21 TV GSM Quad-band mobile,G-Sensor,camera,dual sim cards ,bluetooth ,unlocked for AT&T and T-mobile Main features Telephone directories:500 groups, caller ringtone, caller groups S