CDs
Yields: 0.93 percent (1-year CD yield); 2.23 percent (5-year CD yield)Average CD yields slid a bit this week. Although the economy is showing signs of improvement, the patient remains quite weak. The Federal Reserve has no reason to raise short-term interest rates until the data is considerably more robust.
The average yield for one-year CDs, as surveyed by Bankrate, dropped 2 basis points this week, to 0.93 percent. The average yield for a five-year CD also lost 2 basis points and now stands at 2.23 percent.
Jumbo CDs saw similar losses, with the average yield for one-year CDs coming in at 1.02 percent, down 1 basis point from the previous week. The average yield for five-year jumbos is 2.28 percent, off 1 basis point from last week.
The average yield for money market accounts dropped 1 basis point to 0.31 percent; its low point for the year.
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