National CD rates for June 2, 2011

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  • 0.45% (1-year CD yields)
  • 1.69% (5-year CD yields)

Here's a look at the state of CD rates from's weekly national survey of large banks and thrifts conducted June 1, 2011.

In this week's rate survey, CD rates shrank slightly.

The average one-year CD yield remains 0.45 percent for the fourth week in a row. The average five-year CD yield lost 1 basis point to 1.69 percent.

In jumbo CDs, the typical one-year CD yield dropped 1 basis point to 0.49 percent and the five-year CD yield also fell 1 basis point to 1.71 percent.

The average money market account yield remains 0.17 percent.

With the ubiquity of all things Internet, online banking seems a universal phenomenon, with well over half of the banking population on board to any degree, according to a research report from Novarica, a research and consulting firm to the banking and insurance industries.

As the newer kid on the block, about 18 percent of the banking population uses mobile banking, Novarica found. As banks begin to expand their mobile banking platforms, they have to balance the present-day use with what is expected to become a deluge of mobile banking in the future.

To avoid being left behind the technological curve, read the Bankrate feature "5 mobile banking must-haves."

Use Bankrate's rate tables to find high-yield CDs and high-yield money market accounts.

All deposit products listed with Bankrate are FDIC-insured.

Read more at Bankrate's new blog for CD investors, the CD rates blog.

-- Sheyna Steiner




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