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.
After a few weeks of hope for savers, CD rates dropped this week.
Yields on longer-term CDs increased.
Yields on longer maturity certificates of deposit inched higher.
Thinking about pulling cash out of a CD? Make sure you know how much it will cost first.
Long-term CD yields slipped this week.
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A little research could save you BIG on interest.
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