Interest Rate Roundup
Compare CD rates nationally and in your area.
- 0.3% (1-year CD yields)
- 0.99% (5-year CD yields)
The Federal Reserve's intent to keep interest rates extremely low has shown up in rates on certificates of deposit this week.
The average five-year CD yield broke a barrier, falling below 1 percent for the first time. It's down 2 basis points from last week to 0.99 percent. The average one-year CD yield is down 1 basis point to 0.3 percent. A basis point is one-hundredth of 1 percentage point.
A deposit of $100,000 won't buy much extra yield. The average one-year jumbo CD yield is down 1 basis point to 0.32 percent. The average five-year yield is down 2 basis points to 1 percent.
The average money market account yield is 0.12 percent for the 11th consecutive week.
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