Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts conducted June 17, 2009.
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CDs
Yields: 1.19 percent (1-year CD yield); 2.17 percent (5-year CD yield)
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Short-term CD yields gained a little ground this week, with the average one-year CD yield rising 2 basis points to 1.19 percent, as surveyed by Bankrate.com. The average yield for a one-year jumbo nudged upward by 1 basis point to 1.27 percent.
Longer-term CD yields declined 3 basis points on the standard and the jumbo side. The average yield for a five-year CD now stands at 2.17 percent, while the five-year jumbo dropped to 2.21 percent.
We may see longer-term CDs begin to edge upward if five-year Treasurys continue to rise. The five-year Treasury began June at 2.55 percent; it's now at 2.65 percent.
Money market accounts held steady this week at 0.39 percent.
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
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July 30 - Aug. 5
