cds

CD Rates for March 17, 2011

 

 

Once again, CD rates showed no real movement in the weekly rate survey.

The average yield on a one-year CD did move up 1 basis point from last week to 0.48 percent. The average yield on a five-year CD is still 1.71 percent.

For larger deposits, the average one-year jumbo CD remains 0.53 percent and the five-year jumbo CD yield is unchanged at 1.73 percent.

It's a scary for savers to watch CDs remain sluggish …and even scarier to predict they will stay at or near record lows for much of the year as the Federal Reserve holds off raining interest rates to avoid toppling the shaky economic recovery.

Of course the smartest saving strategy anyone can do is to shop around for the best rates on CDs, money market accounts and other savings instruments. You can do that by visiting Bankrate.com. I'm Kristin Arnold.

 

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