Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts conducted July 1, 2009.
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CDs
Yields: 1.15 percent (1-year CD yield); 2.19 percent (5-year CD yield)
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Very slight movement to report this week in the CD averages: The average one-year yield, as surveyed by Bankrate.com, fell 1 basis point to 1.15 percent. The average five-year yield rose 1 basis point to 2.19 percent.
Jumbo CDs also stayed pretty steady this week with the one-year average dropping 1 basis point to 1.24 percent, and the five-year holding firm at 2.22 percent for the second week in a row.
The average yield for money market accounts shed 1 basis point to come in at 0.38 percent after spending three weeks at 0.39 percent.
Check Bankrate's high-yield CDs and high-yield money market account tables for some of the best returns available nationwide.
All deposit accounts listed on Bankrate are FDIC-insured.
-- Laura Bruce
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CD rates in your area. |
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July 30 - Aug. 5
