cds

CD Rates for March 3, 2011

 

 

When it comes to CD rates, no news is good news. CD rates, for the most part, went unchanged this week.

The average five-year CD yield fell 1 basis point to 1.71 percent. The one-year CD yield remains 0.48 percent for the eleventh week in a row.

For deposits of about $100,000, the average five-year jumbo CD yield is down 1 basis point to 1.73 percent. The yield on the average one-year jumbo CD is unchanged at 0.53 percent.

The average money market account yield is 0.18 percent for the second week in a row.

Core inflation increased in January and that could mean rising CD rates -- eventually. You can read more at Bankrate's new blog for CD investors.

To find the best yields on CDs and other saving instruments, go to Bankrate.com. I’m Lucas Wysocki.

 

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