CD rates for Nov. 29, 2012


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

While yields on CDs had held steady during the Thanksgiving-shortened week, we did see some movement this week with yields moving lower on some maturities. The average 1-year CD yield inched lower to 0.29 percent, while the 4-year and 5-year CDs were both lower, to 0.73 percent and 0.92 percent, respectively.

The outlook headed into 2013 isn't any better. The open-ended nature of the Fed's QE3 program, plus whatever other initiatives they may announce at upcoming meetings, will continue to be a drag on savings rates.

Despite this record low interest rate environment, it is still 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.


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