cds

CD rates for Sept. 22, 2011

 

 

It's a boon for borrowers but a bust for savers as CD rates are dismal - at best.

The average one-year certificate of deposit yield remains at 0.39 percent. The average five-year CD yield fell 3 basis points to 1.31 percent.

On the jumbo end, the average one-year jumbo CD yield is flat at 0.42 percent. The five-year jumbo CD yield is down 2 basis points to 1.36 percent. CD rates will be low for years, but investors have a few alternatives -- though none are great.

Those who live off of their savings and investments are hit hard by falling interest rates. Retirees living off their nest egg are finding it harder and harder to pay the bills. It might be a great time to borrow money, but it's a lousy time to save it.

There are ways to earn higher interest on your investments - to find out how - just visit Bankrate.com. I'm Kristin Arnold.

 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Air bag recall hits 7.8M cars

About 7.8 million cars have been recalled due to a possible problem with the airbags that could cause them to deploy unexpectedly.  ... Read more


Connect with us