CD rates for Sept. 29, 2011



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

The Federal Reserve's Operation Twist is nothing for savers to cheer about. Just one week after the Fed's announcement, the average 5-year CD yield dropped sharply, to another record low of 1.26 percent. And it wasn't just the 5-year CD that was lower, as maturities from one year through 5 years were all down this week. The average 1-year CD now earns just 0.38 percent.

Given the economic uncertainty, savers have preferred to keep their money where they can get to it. Money has been flowing into savings accounts and money market deposit accounts at the expense of other investments, everything from stocks to CDs. But the yields on liquid cash investments are equally bleak. The average bank money market deposit account earns just 0.15 percent, while the top-yielding, nationally-available accounts are a shade over 1 percent.

To find the best available returns on CDs, savings accounts, and money market accounts, go to

I'm Greg McBride.




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