cds

CD rates for April 25, 2013

 

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

There was limited movement in CD yields this week, but it was enough to bring the average two-year, four-year and five-year CD yields to new lows. The average two-year CD yield is now 0.39 percent, the four-year earns 0.62 percent, and the five-year dipped to 0.79 percent. Even larger jumbo deposits requiring $100,000 or more were not immune, as the four-year and five-year jumbo CDs slipped to new lows of 0.65 percent and 0.82 percent, respectively.

Want to do better than that? Shopping around can lift those returns, but manage your expectations, as even the top-yielding nationally available accounts are less than 1 full percentage point higher, regardless of the maturity.

To find the best yields on all CD maturities, as well as other savings instruments, go to Bankrate.com.

I'm Greg McBride.

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