CDs
Yields: 1.63 percent (1-year CD yield); 2.38 percent (5-year CD yield)Wonders never cease.
There is no further carnage to report this week in the world of CDs. Perhaps investors got fed up and took their money elsewhere looking for a better deal even if it comes with some added risk. In any event, these yields may not lure anyone back to traditional CDs.
The average yield for a one-year CD, as surveyed by Bankrate.com, is 1.63 percent, unchanged from last week. The five-year yield actually rose by 1 basis point to 2.38 percent.
The jumbos performed in line with their less-expensive counterparts. The average yield for a one-year jumbo dropped 1 basis point to 1.73 percent, while the five-year jumbo held steady at 2.39 percent for the second week in a row.
As always, high-yield CDs are a much better bet.
Unfortunately, money market accounts took a hit this week, dropping 3 basis points to 0.54 percent. That's better than a lot of short-term Treasuries, but still pretty shabby compared to what you can earn with a high-yield money market account.
All deposit accounts listed on Bankrate are FDIC-insured.
-- Laura Bruce