CD Yields Were Mixed In Week Ended Tuesday
May 10, 2011
NEW YORK -- Yields on certificates of deposit at major banks and brokerage firms were mixed in the week ended Tuesday. The average yield on six-month small-denomination ``savings'' CDs remained at 4.70% according to a survey by BanxQuote Inc.. The average yield on five-year savings CDs was also unchanged at 5.48%, the Fairfield, N.J., information service said. The average yield on six-month broker-sold CDs increased to 5.27% from 5.25%. Yields on five-year CDs jumped to 6.35% from 6.17%, BanxQuote said. On large denomination ``jumbo'' CDs, which typically require deposits of $95,000 or more, the average yield on a six-month certificate inched up to 5.02% from 5.01%. On five-year jumbos, the average remained at 5.72%, according to BanxQuote.
