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Interest Rate Roundup   July 30 - Aug. 5
  Each week, Bankrate takes a look at the state of interest rates on five banking
  products from Bankrate.com's weekly national survey of large banks and thrifts. 
 
Interest Rate Roundup

Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts conducted June 24, 2009.

Interest Rate Roundup
CDs
Yields: 1.16 percent (1-year CD yield); 2.18 percent (5-year CD yield)

The seesaw ride continues. Last week it was the short-term yields that nudged up a bit while their longer-term brethren shed a few basis points. This week the scenario is reversed. In reality it means little, as rates have been simply jockeying back and forth in a rather tight range the past several weeks.

This week, the average yield for one-year CDs, as surveyed by Bankrate.com, is 1.16 percent, down 3 basis points from last week. The average yield for a five-year CD rose 1 basis point to 2.18 percent.

On the jumbo side, the average yield for a one-year CD is 1.25 percent, down 2 basis points, while the five-year added 1 basis point to come in at 2.22 percent.

Money market accounts remained at an average yield of 0.39 percent for the third week in a row.

Check Bankrate's high-yield CDs and high-yield money market account tables for some of the best returns available nationwide.

All deposit accounts listed on Bankrate are FDIC-insured.

-- Laura Bruce

 See CD rates in your area.

Bankrate.com's corrections policy
-- Posted: June 25, 2009
 
 
 
 RESOURCES
Experts predict where rates are headed
Fed Outlook blog
Graph rates for the past three months
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TABLE OF CONTENTS
 
 
 
 
Compare Rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 5.02%
48 month new car loan 6.79%
1 yr CD 1.56%
Rates may include points
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