What Are Some Average Term Deposit Rates?

What Are Some Average Term Deposit Rates?

Term deposits are known as certificates of deposit in the United States. As of Oct. 29, 2015, three-month CD rates range from 0.03 percent with State Farm Bank and Citizens Trust Bank to 0.55 percent with California First National Bank. Minimum deposits on three-month CDs range up to $10,000.

CD rates tend to rise as the term duration and minimum deposit of the CD increases. Six-month CD rates range from 0.10 to 0.90 percent, while five-year CD rates range from 0.49 to 2.42 percent. Similarly, one-year CD rates for a deposit of $25,000 are as high as 1.32 percent, while CD rates for a deposit of $500 are as high as 1.01 percent.