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cds

National CD rate averages

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 May 13, 2009.

CDs

Yields: 1.26 percent (1-year CD yield); 2.23 percent (5-year CD yield)

The CD yields surveyed for this report barely budged this week. The average yield for one-year and five-year CDs held steady at 1.26 percent and 2.23 percent, respectively.

The average yield for one-year jumbo CDs dropped 1 basis point to 1.37 percent; but the five-year jumbo remained at last week's 2.25 percent.

Yields don't provide much return when they're stagnating at these levels, but that's the state of standard CDs these days.

The average money market account yield shed 1 basis point this week to come in at 0.39 percent.

Check Bankrate's 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.

-- Laura Bruce

 

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