CD Rates for Aug. 11, 2011



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

With investors funneling cash into the safety of bank products amid stock market volatility, and the Federal Reserve pledging to hold short-term interest rates unchanged for another 2 years, it was setting up to be bad news for CD yields. And that's what happened. Yields moved lower on all maturities from one year through five years, with the declines particularly pronounced on the longer maturities.

The average 1-year CD yield inched lower to 0.43 percent. But the 3-year and 5-year CDs fell sharply to 0.91 percent on the 3-year and 1.54 percent on the 5-year. That's a new record low for the 3-year CD and the 5-year CD is close to the record of 1.5 percent set last December.

Low interest rates are here to stay, so it's more important than ever to find the best available yields by shopping around for your CDs and other savings instruments. To do that, go no further than

I'm Greg McBride.



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