CD rates for Aug. 2, 2012


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

There is still no good news for savers.

Yields on longer maturity certificates of deposit continue to grope for the bottom, with the average 2-year CD yield tying a record low of 0.5 percent while the 3-year and 5-year CDs set new lows of 0.65% and 1.06%, respectively.

On maturities of one year and less, yields were unchanged. But that's not saying much considering that they are also at record lows and the only direction those yields have moved lately is lower. The average 1-year CD earns just 0.31 percent.

Regardless of the low interest rate environment, it is important to shop around. To find the best yielding cash investments – from online savings accounts and money market accounts to CDs, check out the free search engine at

I'm Greg McBride.



Show Bankrate's community sharing policy
          Connect with us

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
Partner Center


Tara Baukus Mello

Air bag recall hits 7.8M cars

About 7.8 million cars have been recalled due to a possible problem with the airbags that could cause them to deploy unexpectedly.  ... Read more

Connect with us