Here's a look at the state of CD rates from Bankrate.com's weekly national survey of large banks and thrifts conducted May 26, 2010.
CDsYields: 0.7 percent (1-year CD yield); 2.08 percent (5-year CD yield)
CD rates for most maturities surveyed have not changed since last week. The average yield on five-year CDs tumbled this week, though.
The average yield on a one-year CD remains at an all-time Bankrate low, 0.7 percent. The five-year CD lost 4 basis points to 2.08 percent.
On the jumbo side, the one-year yield remains 0.75 percent while the five-year yield fell 3 basis points to 2.07 percent.
The typical yield on money market accounts is 0.22 percent for the second week in a row.For some of the best returns available across the country, check Bankrate's high-yield CDs and high-yield money market account tables.
All deposit products listed with Bankrate are FDIC-insured.
If you're in the market for a new CD, use the Bankrate CD calculator to compute your earnings.
-- Sheyna Steiner