- 0.25% (1-year CD yields)
- 0.81% (5-year CD yields)
Rates on certificates of deposit dropped across the board this week.
The average one-year CD yield is down 1 basis point to 0.25 percent. Also less 1 basis point, the five-year yield is 0.81 percent. A basis point is one-hundredth of 1 percentage point.
Jumbo CD rates ticked down as well. Jumbo CDs are available for a $100,000 deposit. The one-year yield is down 1 basis point to 0.28 percent. The average five-year yield fell 1 basis point to 0.83 percent.
With no change, for the 14th week, the average money market account yield is 0.12 percent.
More From Bankrate.com