I'm Greg McBride, senior financial analyst with Bankrate.com, and here is your weekly look at yields on certificates of deposit.
It's probably no surprise to savers that what little movement was seen in CD yields this week was on the downside. The average 1-year CD inched lower to 0.28 percent, and the average 3-year and 4-year CDs dipped to 0.55 percent and 0.72 percent, respectively. All are record lows.
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 Bankrate.com.
I’m Greg McBride.
Rates on certificates of deposit rose slightly.
Yields on certificates of deposit were largely unchanged this week.
Yields on longer-term CDs inched higher this week.
Yields on short-term certificates of deposit improved this week.
After a few weeks of hope for savers, CD rates dropped this week.
How did consumers respond when asked about job security, savings, net worth, and debt?
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Mortgage rates jumped this week.
New car loan rates fell 1 basis point each.
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