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 April 2, 2008.
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CDs
Yields: 1.94 percent (1-year CD yield); 2.75 percent (5-year CD yield)
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CD yields continue to decline, although not as sharply this week as last. The average one-year CD yield fell 3 basis points this week to 1.94 percent.
The average five-year yield lost 2 basis points and is now paying a mere 2.75 percent. Jumbos held steady, though, with the one-year jumbo remaining at 2.12 percent, and the five-year at 2.84 percent.
-- Ellen Cannon
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CD rates in your area. |
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July 30 - Aug. 5
