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NEW YORK- Yields on certificates of deposit were unchanged in the latest week for a...
NEW YORK- Yields on certificates of deposit were unchanged in the latest week for a second week in a row. The average yield on six-month "jumbo" CDs, which typically require deposits of $95,000 or more, remained at 0.32 percent in the week ended Tuesday from the prior week, according to Bankrate.com. The yield on five-year jumbos remained unchanged at 1.73 percent. The average yields on small-denomination "savings" CDs also were unchanged. The average six-month CD yield was flat at 0.29 percent, said Bankrate.com. The average yield on two-year CDs was unchanged at 0.71 percent, according to the latest week's report. And the average five-year yield was flat at 1.70 percent.
How large is the difference between the interest rates on six-month and five-month jumbo CDs?
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