CDs
Yields: 1.06 percent (1-year CD yield); 2.16 percent (5-year CD yield)We're seeing CD yield erosion across all maturities this week.
The average yield for one-year CDs, as surveyed by Bankrate.com, came in at 1.06 percent, down 1 basis point from last week. One month ago the yield was 1.1 percent.
The five-year yield fell 2 basis points to 2.16 percent. The long-end of the CD yield curve has danced around a bit in the past month, from a low of 2.15 to a high of 2.18 last week.
The jumbo yields pretty much paralleled their standard counterparts this week. The average one-year yield shed 2 basis points to land at 1.13 percent. The five-year also lost 2 basis points as it sank to 2.2 percent.
The five-year Treasury continues to beat five-year CDs -- standard and jumbo -- with a yield of 2.69 percent. That spread of 49 to 53 basis points is well worth considering, especially when you factor in the exemption from state and local taxes on the interest.
However, even the Treasury pales in comparison to the high-yield CDs listed on Bankrate, where some five-year maturities are paying 3.5 percent.
The average yield for money market accounts clocks in at 0.36 percent for the fourth 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.