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.
Rates on certificates of deposit rose slightly.
Yields on certificates of deposit were largely unchanged this week.
Yields on longer-term CDs inched higher this week.
Yields on short-term certificates of deposit improved this week.
After a few weeks of hope for savers, CD rates dropped this week.
How did consumers respond when asked about job security, savings, net worth, and debt?
Comparison shopping will help you know deals from duds at a dollar store.
Looking to save money? Here are eight easy ways to save $5,000 in one year.
Mortgage rates jumped this week.
New car loan rates fell 1 basis point each.
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