CDs
Yields: 1.07 percent (1-year CD yield); 2.18 percent (5-year CD yield)There's no sour news to report this week on the CD front.
The average yield for one-year CDs, as surveyed by Bankrate, held steady this week at 1.07 percent. The yield has been in a freefall all year, with the exception of one week in June when it actually rose for the week before resuming its fall. So, of course, there's nothing saying it won't tumble next week, but this is a nice respite. By the way, the one-year yield was 1.79 percent at the beginning of the year.
The average yield for five-year CDs rose 2 basis points this week to 2.18 percent. The five-year Treasury is 2.73 percent -- plus no state income tax -- so CDs aren't in the game even with the hike.
The average yield for money market accounts stayed at 0.36 percent for the third week in a row.
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.
-- Laura Bruce