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Interest Rate Roundup
cds
National CD rates

Here's a look at the state of CD rates from Bankrate.com's weekly national survey of large banks and thrifts conducted March 17, 2010.

CDs

Yields: 0.72 percent (1-year CD yield); 2.12 percent (5-year CD yield)

Yields on 12-month CDs slipped a bit in this week's interest rate survey.

The yield on the average one-year CD lost 1 basis point to 0.72 percent. The average five-year CD yield remained at 2.12 percent.

The average jumbo one-year CD lost 2 basis points to 0.77 percent. The five-year jumbo CD held tight to a yield of 2.11 percent.

The average yield on money market accounts is still 0.23 percent.

Aggrieved consumers abused by big banks and Wall Street can finally breathe a sigh of relief. Details of Sen. Chris Dodd's, D-Conn., bill for financial reform emerged this week, and it appears likely that a Consumer Financial Protection Agency will be established. Reuters reported Tuesday that the reform bill also includes provisions for controlling over-the-counter derivatives as well as limiting banks from engaging in risky trading.

The House of Representatives passed a bill in December to establish an independent financial watchdog.

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

All deposit products listed with Bankrate are FDIC-insured.

See all CD rates content.

-- Sheyna Steiner

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CDs Overnight Averages
Product Yield +/- Last week
6 month CD
0.41% 0.41%
1 yr CD
0.62% 0.62%
5 yr CD
1.23% 1.23%
1 yr jumbo CD
0.65% 0.64%
Compare rates:
Don Taylorinvesting
Wall Street can be scary when investing for retirement. Here are ways to lower the risk.
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