The History of CD Rates

The History of CD Rates

If you are wondering where CD rates stand today in relation to where they’ve been in the past, it does not paint a pretty picture. Because of the financial crisis of 2008, the Fed has had to keep rates at historical lows to help pump up the economy. As a result, those who are looking for an ultra conservative vehicle for parking their money, or those who are looking for something slightly better than their bank’s savings rate are faced with very low interest rates.

This chart below illustrates the national average CD rates on 6-month, 1-year, and 5-year CD yields since 1984, according to Bankrate’s weekly survey on interest rates.


















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