CDs
Yields: 1.14 percent (1-year CD yield); 2.18 percent (5-year CD yield)The seemingly endless chipping away at yields continues, albeit by just a basis point or two per week. Unfortunately, it adds to the significant downward trend that has crippled CD returns this year.
The average one-year yield, as surveyed by Bankrate.com, stands at 1.14 percent this week, down 1 basis point from last week's average. The five-year yield also shed 1 basis point to come in at 2.18 percent.
The jumbos performed in lock step with both the one-year and the five-year averages, losing 1 basis point this week to come in at 1.23 percent and 2.21 percent, respectively.
The average yield for money market accounts fell 1 basis point to 0.37 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