The unemployment rate jumped to 9.4 percent in May, the highest in more than 25 years.  GM and Chrysler are in bankruptcy and Treasury rates are moving up.  The world situation is looking a bit worrisome.  North Korea, Iran and Pakistan command a lot of attention.  The dollar is falling as global investors get a hint of how much money the US is going to need to fund the deficit.  That all being said cd rates have climbed off the lows and in some cases we are seeing 6 month APY's over 2%.  

The market conditions that took rates down to levels not seen for many years seems to be abating. The current economic environment has seen the Federal Reserve take the Fed Funds rate down to 0% to .25%.  This is unprecedented in terms of recent history.  We have just seen the first upwards movement in CD rates in many months.  Could this be the beginning of a new trend?  Only time will tell.

Some of the best cd rates available today are found at the following banks offering FDIC insured product for a 6 month term and displayed by annual percentage yield:

In the future this table will be expanded to include many of the national banks and savings institutions with web banking facilities.  Be aware that the rates change daily and that there is no guarantee that the rates listed will be the same as those offered the day you check.  We will attempt to keep the table as up to date as possible.