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National CD rates for Feb. 28, 2013

Interest Rate Roundup
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CDs

  • 0.26% (1-year CD yields)
  • 0.84% (5-year CD yields)

Yikes, the yield on the benchmark five-year certificate of deposit fell again. That puts the average five-year CD yield 1 basis point lower than last week at 0.84 percent. Each basis point, or one-hundredth of a percentage point, is a little more mind-boggling.

The one-year yield is unchanged at 0.26 percent.

Yields on jumbo CDs were also unchanged. The average one-year jumbo CD yield is 0.3 percent. The five-year yield is 0.87 percent. A jumbo CD is available for deposits of $100,000.

For the eighth straight week, the average money market account yield is 0.12 percent.

 

 

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CDs and Investment

Can heirs cash an old trust?

Dear Dr. Don, The youngest of 6 children, I am 48 years old. My father joined the Navy at 22. In Italy, he met his bride and my mother, and returned to the U.S. to raise our family. In 1959, he bought a trust certificate... Read more

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