CD Rates for June 16, 2011



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

This week saw more of what savers have seen too much of in 2011, and that's the steady drip of declining yields. This week, there were no big moves, but we did see lower yields on a range of CD maturities, as well as the money market deposit account, which fell to 0.16 percent. The average 1-year CD yield is now 0.44 percent and the average 5-year CD earns just 1.68 percent.

Even large jumbo deposits, those requiring initial investments of $100,000 or so, earn little more. The average 1-year and 5-year jumbo CD yields are 0.49 percent and 1.7 percent, respectively.

Ben Bernanke and the weak economic recovery have been no friends to savers. Yields are low, they're trickling lower, and any prospects for improvement are still far off in the distance.

But even in a low rate environment, there are better yields available by shopping around. To find the best yields on all CD maturities and other savings instruments, go to

I'm Greg McBride.



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