CD Rates for April 21, 2011



I'm Greg McBride, senior financial analyst with, and here is your weekly look at yields on certificates of deposit.

What movement there was in CD yields this week wasn't positive. Yields ticked lower, but did so across a range of maturities. The average 6-month CD yield is now 0.28%, while going all the way out to 4-years - not that you'd want to - earns just one percentage point more at 1.28%.

Savers looking for consistent and lasting improvement in returns on certificates of deposit are still waiting. And don't expect next week's meeting of the Federal Reserve's rate-setting committee to change that. Higher prices for food and energy are taking more money out of consumer's pockets, but we're still months and months away from the Fed putting any more money back into savers' pockets.

In the meantime, its really important to shop around. To find the best yields on all CD maturities, and other savings instruments, go to

I'm Greg McBride.



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