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 9, 2008.
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CDs
Yields: 1.92 percent (1-year CD yield); 2.74 percent (5-year CD yield)
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CD yields continue to lose ground this week, but not the stomach-churning drops we've seen in previous weeks. The average one-year CD yield fell 2 basis points this week to 1.92 percent, while the five-year yield lost 1 basis point and now pays 2.74 percent. Jumbos performed in a similar fashion.
Treasury yields for similar maturities saw similar declines on a one-week basis; although Treasury data shows those securities jumping around a much wider range of six or seven basis points on a daily basis during the week.
-- Laura Bruce
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CD rates in your area. |
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July 30 - Aug. 5
