CD Rates Continue to Slide
Posted by Interest Rates Today on 11/28/07 in CD Rate News
Yields: 3.52 percent (1-year CD yield); 3.87 percent (5-year CD yield)
CDs continued to slide down this week, following lower short-term interest rates, with the average yield on a one-year CD dropping 2 basis points to 3.52 percent. The yield on five-year CDs dropped 1 basis point this week, to 3.87 percent.
Jumbo CDs also kept up the downward trend, with the one-year CD slipping 2 basis points to 3.91 percent, and the five-year dropping 1 basis point to 4.09 percent.
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