CD rates for March 21, 2013

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CDs

  • 0.26% (1-year CD yields)
  • 0.82% (5-year CD yields)

Long-term certificates of deposit are losing ground little by little. Nearly every week, they fall a basis point.

A basis point is one-hundredth of 1 percentage point, and that is exactly what the average five-year CD yield lost this week. It's now 0.82 percent. For deposits of $100,000, the average five-year jumbo CD yield also fell by 1 basis point to 0.85 percent.

On the short side, the average one-year yield is unchanged at 0.26 percent. Also unchanged, a jumbo one-year CD yield is 0.29 percent.

The average money market account yield is 0.12 percent for the 11th week.



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