Short-term CD yields tumbled a bit this week while their longer-term counterparts held their ground.
The average yield for a one-year CD, as surveyed by Bankrate.com, lost 2 basis points to come in at 1.08 percent. The five-year average yield rose 1 basis point to 2.16 percent.
Jumbos pretty much mimicked their shorter-term brethren, with the one-year dropping 3 basis points to 1.17 percent and the five-year holding steady at 2.19 percent for the second week in a row.
Over the past four weeks, the average one-year yield for traditional CDs has steadily dropped 8 basis points, while the five-year has jockeyed around a bit, losing a total of 2 basis points in that time period. Similarly, the one-year jumbo has shed 8 basis points, while the five-year is down 3.
The average yield for money market accounts fell 1 basis point to 0.36 percent.
Check Bankrate's high-yield CDs and high-yield money market account tables for some of the best returns available nationwide.
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-- Laura Bruce
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