Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance > Term Insurance

Bankrate: CD Yields Climb Slowly

Your article was successfully shared with the contacts you provided.

NU Online News Service, Nov. 13, 2003, 1:02 p.m. EST – Yields on money-market accounts and bank certificates of deposit crawled upward for the fourth straight week, according to a weekly national survey of large depository institutions by a unit of Bankrate Inc., North Palm Beach, Fla.

Yields on 21 of the 37 depository accounts that Bankrate tracks rose in the latest survey, which covers the week that began Wednesday. None of the yields fell, but none of the yields rose by more than 0.06 percentage points.

Long-term CDs showed a greater tendency to rise than shorter-term CDs, as has been the case for the past month, says Bankrate. Most short-term CDs with maturities shorter than a year stayed at record low levels.

Deposit averages from Bankrate’s national CD survey were:

  • Money-market account yield – 0.44%, unchanged from last week.
  • 6-month CD yield – 0.95%, up from 0.92% last week.
  • 1-year CD yield – 1.11%, up from 1.10%.
  • 5-year CD yield – 3.14%, up from 3.08%.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.