I'm Greg McBride, senior financial analyst with Bankrate.com, and here is your weekly look at yields on certificates of deposit.
There has been very limited movement in deposit yields lately, but what movement there has been hasn't been good. Yields on certificates of deposit continue to inch lower, with the 6-month CD now at 0.16 percent and the 5-year CD at 0.82 percent. Both are record lows. And with the Federal Reserve maintaining status quo on interest rates and stimulus, the outlook for savers isn't promising.
To find the best yields on all CD maturities, and other savings instruments, go to Bankrate.com.
I'm Greg McBride.
Finally, some good news for savers this week.
The average four-year CD yield inched higher to 0.63 percent.
The average four-year CD yield reversed last week's decline.
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