Average CD yields slid this past week, with one-year CDs giving up 2 basis points to end up at 3.52 percent, and five-year CDs dropping 3 basis points to 3.73 percent.

Yields on jumbo CDs also fell. One-year jumbos finished at 3.88 percent, 3 basis points below last week, and five-year CDs dropped 2 basis points, to end up at 3.93 percent.