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Interest Rate Roundup   July 30 - Aug. 5
  Each week, Bankrate takes a look at the state of interest rates on five banking
  products from Bankrate.com's weekly national survey of large banks and thrifts. 
 
Interest Rate Roundup

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.

Interest Rate Roundup
CDs
Yields: 1.15 percent (1-year CD yield); 2.19 percent (5-year CD yield)

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

 See CD rates in your area.

Bankrate.com's corrections policy
-- Posted: July 2, 2009
 
 
 
 RESOURCES
Experts predict where rates are headed
Fed Outlook blog
Graph rates for the past three months
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TABLE OF CONTENTS
 
 
 
 
Compare Rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 4.99%
48 month new car loan 6.79%
1 yr CD 1.58%
Rates may include points
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* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

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