Current CD Rate Trends

We can’t be lulled into thinking that this is a turning point because, as much as the Fed may want to stop cutting short-term rates to quell inflation, they seem to be more concerned with fending off a recession.

The average yield for one-year CDs dropped 4 basis points to 2.43 percent. The five-year CD average lost 4 basis points and now stands at 2.82 percent.

Jumbos fared about the same with the one-year averaging 2.64 percent and the five-year 2.97 percent, down 5 basis points and 4 basis points; respectively.

Rates are probably heading lower in the next few months.

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2 Comment(s)

  1. forest | Mar 11, 2008 | Reply

    Well today I’m buying in to 3 month at 3.75 so it appears you were wrong. I didn’t have to look hard for these at all either. I’m getting my short term liquidity maintained and keeping my money safe on the sidelines to see how things bottom out…all the while at least approaching an inflationary comparable return in tandem with an FDIC insurance policy. Cautious and unemotional patience is the way to ride the line upward when that time comes.

  2. Imperial | Apr 29, 2008 | Reply

    May i ask where did you find this deal?

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