Cd Rates Over The Last 20 Years

Find out how today s rates on cds and.

Cd rates over the last 20 years.

Nevertheless the history of the last zero bound years may be useful. Below you can compare historic cd rates for 6 month 1 year and 5 year cd yields since 1984 based on data collected by bankrate. In 2010 12 month cd rates and money market rates were 0 71 percent and 0 29 percent respectively. Penfed s 2013 cds are an example.

As you can see from the graph below the yield curve for all three types of cds over this time period has declined consistently. The bank s 10 year cd yield is higher than the rates tied to the rest of its accounts. Rates ranged from 6 425 and 0 278 between these years. Considerations when purchasing cds here are a few things that investors should consider when purchasing short term or long term cds.

Cd rates in the 1980s. During the last zero bound period from 2008 to 2015 it did become difficult to find long term cd rates over 2 but there were a few rare times when 3 cds became available. That s because the lender takes on extra risk that you might default over a longer period of time. This table shows the yearly high and low annual percentage rate for the bank cds from 1965 to present.

In 2017 12 month cd rates are 0 24 percent and money market rates are at 0 08 percent as they have been since 2014. Comparing 30 year fixed rates vs. Beginning our look at historical cd interest rates the early 1980s saw two recessions in the first two years. See what the average interest rate was in the us for 3 month 60 month 1 year 3 year and 5 year cds since 2010 and learn how the economy affects rates.

Like savings account rates cd and money market account rates have also declined over time though not as drastically. The average daily rate for the month with the highest average daily rate during each year is shown in the high column. 2004 2010 and 2011 were the worst years to find great cd rates. Rates started to look normal again with the average 12 month cd yield sinking to 3 1 percent apy in june 1993 according to bankrate s national survey.

I doubt we ll see any 3 cds for a while. Still it s best for savers to proceed with caution before making a long term investment in a cd.