Short-term CD yields are continuing to drop at a faster pace than their longer-term counterparts.

The average yield for a one-year CD, as surveyed by Bankrate.com, lost 1 basis point this week and now stands at 1.07 percent. The five-year average yield held steady at 2.16. The one-year average has lost 8 basis points since July 1, while the five-year has shed 3 basis points in that time frame.

To compare, the one-year Treasury is paying 0.49 percent, and the five-year is yielding 2.66 percent. It certainly seems odd that the five-year Treasury is paying so much more than a five-year CD considering the state tax exemption on the Treasury.

Bankrate's senior financial analyst, Greg McBride, says a number of the banks surveyed just aren't competing on longer maturities when it comes to price. Good reason for you to stick with high-yielding CDs, where the five-year maturities are paying up to 3.5 percent.

The average yield for a one-year jumbo CD fell 2 basis points to 1.15 percent this week. The jumbo five-year average remains at 2.19 percent for the third week in a row.

Money market accounts held the line, with the average yield coming in at 0.36 percent for the second week in a row.

Check Bankrate's high-yield CDs and high-yield money market account tables for some of the best returns available nationwide.

All deposit accounts listed on Bankrate are FDIC-insured.

-- Laura Bruce

 See CD rates in your area.