CDsYields: 0.92 percent (1-year CD yield); 2.23 percent (5-year CD yield)
CD buyers would love to see the Fed raise short-term interest rates a bit, but that won't happen until companies start hiring and people start spending. So, we're stuck with paltry yields that look worse from one week to the next.
The one-year CD average, as surveyed by Bankrate.com, fell 1 basis point this week to 0.92 percent. The five-year average yield held steady at 2.23 percent.
The average yield for a one-year jumbo CD now stands at 1.01 percent, down 1 basis point from last week. The five-year jumbo declined 2 basis points to 2.26 percent.
The average yield for money market accounts remains at 0.31 percent for the second 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.
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-- Laura Bruce