CD rates for Aug. 8, 2013

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CDs

  • 0.24% (1-year CD yields)
  • 0.78% (5-year CD yields)

Rates on long-term certificates of deposit got a bump this week.

The average five-year CD yield was up 1 basis point to 0.78 percent. For a $100,000 deposit, the average yield on a five-year jumbo CD was up 2 basis points to 0.83 percent. A basis point is one-hundredth of 1 percentage point.

The average one-year yield was unchanged for the 11th week at 0.24 percent. On the jumbo end, the one-year yield was unchanged at 0.26 percent.

The average money market yield was still holding tight to 0.11 percent.



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