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CD rates for Mar. 21, 2013

 

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.

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CDs Overnight Averages
Product Yield +/- Last week
6 month CD
0.45% 0.41%
1 yr CD
0.67% 0.62%
5 yr CD
1.24% 1.22%
1 yr jumbo CD
0.65% 0.65%
Compare rates:
Don Taylorinvesting
The good news is you're inheriting $500 million. The bad news is you need to hold onto it.
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