CD Yields Rise at Firms, Are Mixed at Major Banks
May 03, 2011
NEW YORK -- Yields on certificates of deposit at major banks were mixed, while those on CDs sold through brokerage firms were higher 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 slipped to 5.48% from 5.50%, the Fairfield, N.J., information service said. The average yield on six-month broker-sold CDs increased to 5.25% from 5.22%. Yields on five-year CDs also increased to 6.17% from 6.10%, BanxQuote said. On large denomination ``jumbo'' CDs, which typically require deposits of $95,000 and more, the average yield on a six-month certificate edged lower to 5.01% from 5.02%. On five-year jumbos, the average remained at 5.72%, according to BanxQuote.
