There was a slight downdraft this week for the shorter maturities that we highlight in this report. The average yield for one-year CDs shed 2 basis points to come in at 2.27 percent. The one-year jumbos had a similar fate, dropping 2 basis points for an average yield this week of 2.52 percent. The seemingly endless drumbeat of shaky economic news may have something to do with this. Consumers are selling stocks for the safety of cash and fixed-income investments until sanity returns to the markets.

Longer-term CDs fared considerably better, with the five-year average gaining 4 basis points for the standard CD and the jumbo. The average yields are 3.43 percent and 3.64 percent, respectively.

Money market accounts gained 1 basis point to come in at 0.72 percent after lingering at 0.71 percent for three weeks.

Don't settle for average. Take a look at Bankrate's database for high-yield CDs and money markets.

-- Laura Bruce

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