Yields on Bank CDs Rose Slightly In Week; Broker CDs End Mixed
March 29, 2011
NEW YORK -- Yields on certificates of deposit at major banks were slightly higher in the week ended Tuesday, while yields on CDs sold through brokerage firms were mixed. The average yield on six-month small-denomination ``savings'' CDs increased to 4.69% from 4.68%, according to a survey by BanxQuote Inc.. The average yield on five-year savings CDs rose to 5.48% from 5.46%, the Fairfield, N.J., information service said. The average yield on six-month broker-sold CDs rose to 5.47% from 5.40%. Yields on five-year CDs slid to 6.55% from 6.70%, BanxQuote said. On large-denomination ``jumbo'' CDs, which typically require deposits of $95,000 and more, the average yield on a six-month certificate rose to 5.03% from 5.02%. On five-year jumbos, the average was also higher at 5.76%, up from 5.75%, according to BanxQuote.
