CD Rates for May 19, 2011



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

It was another week without improvement for savers. Yields were mostly unchanged but certain longer maturities - the 2-year, 4-year, and 5-year to be specific - did move lower.

The average 2-year CD now yields just 0.7 percent and looking all the way out to a 5-year CD brings in just one percentage point more, at 1.7 percent. Longer-term CDs had shown some signs of life earlier in the year, but this has now stalled.

Weakness in the economy and increasing nervousness on the part of investors isn't helping. Until banks begin to see a sustained pickup in loan demand, there is no impetus for better returns and CD yields will remain in the cellar.

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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