- 0.54% (1-year CD yields)
- 1.61% (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 Oct. 20, 2010.
The bleeding won't stop anytime soon, it appears: CD rates are down again.
In this week's rate survey, the typical one-year CD yield fell 1 basis point to 0.54 percent. The five-year yield dropped 2 basis points to 1.61 percent.
For a deposit of $100,000, the average yield on a one-year jumbo CD is down 2 basis points to 0.58 percent. Also down 2 basis points, the five-year yield is 1.61 percent.
The average yield on a money market account remains 0.19 percent for the seventh week in a row.
A CD ladder can help investors maximize returns and keep part of their CD portfolio flexible for reinvesting. Use Bankrate's CD ladder calculator to build a CD ladder that's right for you.
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.-- Sheyna Steiner