CDs
Yields: 0.94 percent (1-year CD yield); 2.19 percent (5-year CD yield)CD yields slipped a bit this week. The returns are terribly disheartening for CD buyers who routinely stock the fixed-income portion of their portfolio with CDs but, on the bright side, they compare very favorably to Treasuries -- at least on the short end of the curve.
The average yield for one-year CDs, as surveyed by Bankrate.com, fell to 0.94 percent, down 4 basis points from last week. Nevertheless, a Treasury of similar maturity pays a mere 0.34 percent. The average yield for five-year CDs also lost 4 basis points, dropping to 2.19 percent. That's 25 basis points less than the five-year Treasury and doesn't take into consideration the Treasury's exemption from state and local taxes.
Jumbo CDs saw similar losses, with the one-year average falling 4 basis points to 1.02 percent and the five-year losing 2 basis points to land at 2.24 percent.
The average yield for money market accounts, which sat at 0.35 percent for two weeks, fell to 0.32 percent.
Check Bankrate's Bankrate's high-yield CDs and high-yield money market account tables for some of the best returns available nationwide.
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-- Laura Bruce