A research firm released a report showing the best CD rates on certificates of deposit are lower than the current inflation rate. According to Market Rates Insight the highest CD rates are now not even as high as the current inflation rate. You can find the best CD rates CDRates.MonitorBankRates.com online.

The annual inflation rate of 3.16 percent is higher than the highest CD rates on 60 month certificates of deposit according to the report. I have to tell you this isn’t surprising since the very best CD rates at banks on 1 year certificates of deposit is like 1.00 percent.

The rate of inflation was 2.11 percent in February which is higher than the average CD rates at banks of 2.10 percent for the first time since the fourth quarter of 2008.