5-Year CD Rates in Greater San Jose Region Lower Than National Average

RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages this week for 5-year CD rates slightly rose while all other durations remained unchanged as the Federal Reserve continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.

"National averages of CD rates showed virtually no change in the latest averages following one of the quietest economic weeks of the year," reported Joe Deaux, TheStreet's Economics Analyst. "Most savers are waiting for the Federal Reserve's policy-making meeting in two weeks to see if there's any fundamental shift in interest rate policy. Until then, investors can expect little activity in changing CD rates."

NATIONAL AVERAGE RESULTS - $10K

Avg Rate This week Avg Rate Last week
Money Market 0.15% 0.15%
1 month CD 0.11% 0.11%
3 month CD 0.15% 0.15%
6 month CD 0.23% 0.23%
1 year CD 0.36% 0.36%
2 year CD 0.55% 0.55%
3 year CD 0.75% 0.75%
4 year CD 0.93% 0.93%
5 year CD 1.15% 1.14%

In the Greater San Jose Region area, the average 5-year CD rate sat at 0.84%, lower than the national average of 1.15%. Rates on the 5-year CD ranged from 0.15% on the low end to 2.0% at the high end, which can be found at Compass Bank. The average 3-year CD rate in Greater San Jose Region was 0.51% with a range of 0.05% to 1.4% found at First Republic Bank. And if you are on the market for a 1-year CD, take a look at Hanmi Bank, which currently offers a rate of 0.8% as compared to the Greater San Jose Region average of 0.25%. Other top rate issuers can be found in the tables that follow.

If you liked this article you might like

Nucor Is a 'Pounding the Table' Buy, Jim Cramer Says

Five Sneaky Tactics North Korea Uses To Beat United Nations Sanctions

15 Foods to Avoid if You Have High Cholesterol

How to Make Your Portfolio Rise This Fall: September Trading Strategies