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CD rates nationally and in your area.
CDs
- 0.44% (1-year CD yields)
- 1.63% (5-year CD yields)
Here's a look at the state of CD rates from Bankrate.com's weekly national survey of large banks and thrifts conducted June 29, 2011.
CD rates were mixed in this week's rate survey.
The average one-year CD yield stayed put at 0.44 percent for the third week in a row. But the average five-year CD yield lost 1 basis point, falling to 1.63 percent.
For jumbo CDs, the average one-year yield stayed at 0.48 percent, but the five-year jumbo CD yield slid 1 basis point to 1.65 percent.
The average money market account yield stayed planted at 0.16 percent for the third week in a row.
CD rates have disappointed lately. Rising long-term CD rates in February and March had some analysts projecting a revival for CD rates of all maturities. But sagging loan demand, sluggish inflation expectations and a slowing economy have driven CD rates lower in recent weeks.
-- Claes Bell