CDs
Yields: 1.16 percent (1-year CD yield); 2.18 percent (5-year CD yield)The seesaw ride continues. Last week it was the short-term yields that nudged up a bit while their longer-term brethren shed a few basis points. This week the scenario is reversed. In reality it means little, as rates have been simply jockeying back and forth in a rather tight range the past several weeks.
This week, the average yield for one-year CDs, as surveyed by Bankrate.com, is 1.16 percent, down 3 basis points from last week. The average yield for a five-year CD rose 1 basis point to 2.18 percent.
On the jumbo side, the average yield for a one-year CD is 1.25 percent, down 2 basis points, while the five-year added 1 basis point to come in at 2.22 percent.
Money market accounts remained at an average yield of 0.39 percent for the third week in a row.
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