CD rates for Jan. 17, 2013

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CDs

  • 0.27% (1-year CD yields)
  • 0.88% (5-year CD yields)

Hang on to your hats, rate watchers; rates on long-term certificates of deposit sank in this week's rate survey.

The average yield on a five-year CD is down 1 basis point to 0.88 percent. For a deposit of $100,000, the average five-year jumbo yield is down 2 basis points to 0.89 percent. A basis point is one-hundredth of 1 percentage point.

On the short-term end, CD rates are unchanged from last week. The average one-year CD yield is 0.27 percent. A one-year jumbo CD yields 0.3 percent.

The average money market account yield is 0.12 percent for the second week.



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